哈维财政学英文题库 CHA1(9)

9. A ________ is a person who wants to enjoy the benefits of a public good without contributing his or her marginal benefit to the cost of financing the amount made. A) free riderB) politicianC) price makerD) price optimizer Ans: a

10. Congestible public goods

A) are nonrival in consumption. B) can not be priced in the market.C) are rival in consumption. D) are never provided by the private sector.Ans: c 11. A private good is

A) nonrival in consumption.B) subject to free rider problems.

C) subject to exclusion.D) not subject to exclusion.E) none of the above. Ans: c

12. When those that do not contribute to the costs of a public good are denied use, this is a case of

A) exclusion.

B) being nonrival.C) price discrimination. D) infeasibility.E) all of the above.Ans: a 13. Which of the following is a public good? A) public defenseB) public television

C) a libraryD) schoolsE) all of the aboveAns: d 14. Pure private goods are supplied through A) the market.

B) government taxes.C) merit pricing.D) none of the above.Ans: a 15. School vouchers are

A) provided by the government.

B) provided by private organizations.C) public funds to be used for private tuition. D) all of the above. Ans: d

16. When asked to reveal their true preferences people A) always tell the truth.

B) never tell the truth.C) sometimes tell the truth.D) generally don’t know what preferences are. Ans: c

17. The MRT is

A) the marginal ring tone.B) the minimal rate of time.

C) the maximum rate of transformation.D) none of the above. Ans: d Essay

18. Suppose there are two individuals with identical demand curves characterized by the equation Q = (33/2) – (P/2). What is market demand if these demand curves are added horizontally? Vertically?

Ans: Horizontal adding yields Q = 33 –P. Vertical adding yields P = 66 –4Q.

19. Refer to Question 9 in your text. How does your answer change if the marginal cost of building each additional lighthouse increases to $150?

Ans: Part a) stays the same. Part b) now becomes 0 for the cost is too high for any number of lighthouses to be built.

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