Which of the following items is non-rivalrous and excludable?

Which of the following is most likely to be identified as a private good?

The introductory microeconomics course in HKU is a popular course. Regardless of their enrollment, students are allowed to attend the lecture. Of course, the more students in class, the more noise is created, affecting the learning of others. According to the information, which of the following is TRUE?

The Netflix is a popular stream media that provides online movies and shows. To watch movies on shows on Netflix requires a paid subscription. Therefore, which of the following is true?

How many common resources are there in the following list?

(I) The Great Wall with an entrance fee, 

(II) Cantonese, 

(III) cable television, 

(IV) pineapple in the market, 

(V) university education, 

(VI) the idea of consumer surplus, 

(VII) a digital copy of textbook in microeconomics.

Statement 1: Salmon in the ocean, the environment and beaches are examples of common resources, i.e., goods which are non-excludable and rival.

Statement 2: Cable TV, Wi-Fi and asteroid deflection are examples of club goods, i.e., goods which are excludable and non-rival.

(I) Provide a subsidy to the fishermen for each ton of salmon they catch.

(II) Issue fishing licenses and require fishermen to hold one in order to fish salmon.

(III) Puts a quota on the number of salmon that can be caught per year.

(IV) Impose a sales tax on salmon.

(V) Rely on the invisible hand.

(VI) Give a bonus to the fisherman who catches the largest salmon.

Which of the following good is most likely to be identified as a public good?

(2020 Spring Exam Q64) A good is called ________ if the good is rival in consumption and non-excludable.

Each resident is willing to pay $10 for each additional streetlight installed in the neighborhood. There are 15 residents in the neighbourhood. The construction cost of installing streetlights is x², where x is the number of streetlights. So the private marginal cost of installing another streetlight is given by 2x. In addition, each streetlight is estimated to bring $50 environmental cost to the nieghborhood. The efficient number of streetlights to be installed in this neighborhood is: