High School

**True or False:**

Place a T for True or an F for False in the Answers column to show whether each of the following statements is true or false.

1. Encouraging education is one way the government tries to attain positive externalities.
2. The government usually regulates open-access goods.
3. Nonpayers are easily excluded from public goods.
4. Fish is an example of a natural monopoly good.
5. It is costly to exclude people from open-access goods.
6. The quality and quantity of an open-access resource tend to deteriorate over time.
7. Overall, the private sector, operating on its own, produces more negative externalities than positive externalities.
8. An example of a positive externality is training others to teach illiterate adults to read.
9. Zoning laws try to reduce positive externalities.
10. Education leads to negative externalities.

**Answers:**

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

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**Multiple Choice:**

In the Answers column, write the letter that represents the word or group of words that correctly completes the statement or answers the question.

11. Private goods are always which of the following?
(a) nonrival, nonexclusive
(b) nonrival, exclusive
(c) rival, nonexclusive
(d) rival, exclusive

12. A fast-food meal can be described by which of the following two terms?
(a) nonrival, nonexclusive
(b) nonrival, exclusive
(c) rival, nonexclusive
(d) rival, exclusive

13. Which of the following is a way the government can promote positive externalities?
(a) The government relaxes local zoning laws.
(b) The government increases the legal amount of waste that can be emptied into rivers and streams.
(c) The government enacts antipollution laws.
(d) The government provides a variety of free education options.

14. Which of these situations might lead to a positive externality?
(a) Your brother decides to go to medical school.
(b) A child's mother smokes cigarettes.
(c) A new non-biodegradable diaper is introduced to the market.
(d) A loud airport is planned for your neighborhood.

15. Which of the following describes a deer in a forest in which people hunt?
(a) nonrival, nonexclusive
(b) nonrival, exclusive
(c) rival, nonexclusive
(d) rival, exclusive

16. Which of the following is an example of a natural monopoly good?
(a) electric power
(b) an automobile
(c) sheep
(d) a jar of salsa

17. Suppose the government passes a law that makes it illegal to hunt foxes without a license. Foxes can now be described as which of the following?
(a) exclusive
(b) nonexclusive
(c) private
(d) negative externality

**Answers:**

11.
12.
13.
14.
15.
16.
17.

Answer :

Final answer:

The true or false section addresses various externalities and government roles in public goods and negative externalities. The multiple-choice questions assess understanding of the characteristics and implications of private versus public goods. Overall, this response illustrates key economic concepts related to externalities and regulations.


Explanation:

True or False Statements

  1. True - Encouraging education is indeed a strategy used by the government to attain positive externalities.
  2. False - The government does regulate open-access goods less frequently, as these goods are often overexploited without regulation.
  3. False - Nonpayers can often be excluded from public goods because they are generally non-excludable in nature.
  4. False - Fish are generally considered common resources rather than a natural monopoly good.
  5. True - It is indeed costly to exclude people from open-access goods, leading to mismanagement.
  6. True - The quality and quantity of an open-access resource tend to deteriorate due to overuse and lack of regulation.
  7. True - Generally, the private sector produces more negative externalities than positive externalities.
  8. True - Training others to teach illiterate adults to read is an example of a positive externality.
  9. False - Zoning laws try to manage land use for the public good and can mitigate negative externalities rather than reduce positive externalities.
  10. False - Education typically leads to positive externalities rather than negative ones.

Multiple Choice Questions

  1. 11. (d) Private goods are always rival and exclusive.
  2. 12. (d) A fast-food meal is rival and exclusive.
  3. 13. (d) The government encourages positive externalities by providing free education options.
  4. 14. (a) Your brother going to medical school might lead to positive externalities.
  5. 15. (c) A deer in a forest where people hunt is rival and exclusive.
  6. 16. (a) Electric power is an example of a natural monopoly good.
  7. 17. (a) Foxes can now be described as exclusive due to the licensing law.

Learn more about Externalities and Public Goods here:

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