5 Questions
Which type of good is a crowded non-toll road?
Common resource
What kind of good is an uncrowded toll road?
Private good
In the context of goods classification, what would national defense be considered as?
Public good
Which type of good is an MP3 file of Coldplay’s latest hit song?
Private good
What kind of good is a fish in the ocean?
Common resource
Test your knowledge of public goods and common resources with this quiz. Explore the concept of public goods, common resources, market failures in their provision, and government interventions to improve outcomes. Examples and explanations are included.
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