AP Microeconomics Pol 3 C a Define Whether Goods Are Rival and or Excludable B Explain How the Nature of Rival and or Excludable Goods Influences the Questions

Classify goods by rivalry and excludability, then explain how nonexcludability creates free riding, weak revealed demand, private underproduction, and public provision.

Exam points

distinguish rivalry from excludability using whether use depletes a good and nonpayers can be excluded
identify pure public goods as nonrival and nonexcludable and private goods as rival and excludable
classify a nonexcludable but rival good as an open-access or common resource
explain how nonexcludability lets free riders conceal demand and prevents producers charging every user
connect free riding to private underproduction and explain why government may provide the public good

[Maximum number: 1]

Which of the following is the best example of a pure public good?

National defense

Internet service

Garbage pick-up services

A publicly funded sports stadium

The U.S. Postal Service

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AP Microeconomics Pol 3 C a Define Whether Goods Are Rival and or Excludable B Explain How the Nature of Rival and or Excludable Goods Influences the Questions question 1