Module 4 economics for Fornicola - 31037

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bayrob

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  • From: , Microeconomics
  • Due on: Wed 13 Nov, 2013 (02:49pm)
  • Asked on: Wed 13 Nov, 2013
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Directions: Please answer each of the following questions in a paragraph for each.  Explain your thoughts with theory and examples where applicable.

 

1.      For each of the following, determine whether it is a private good, public good, common resource or a club good.

a.   Congested toll roads

b.   Knowledge

c.   Fish in the ocean

d.   National defense

e.   Congested nontoll roads

f.    Cable TV

g.   The environment

h.   Fire protection

i.    Ice-cream cones

j.    Uncongested toll roads

k.   Clothing

l.    Uncongested nontoll roads

 see attachment

 

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module 4 economics.rtf
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