Question:

Economics related mutiple choice questions, please respond if you know it, otherwise please leave it alone.?

by  |  earlier

0 LIKES UnLike

2. Satellite radio stations scramble their signal so that only paying customers can receive their broadcast. Satellite radio is therefore:

A. A common resource

B. A natural monopoly

C. A public good

D. A private good.

Second questions is

3. Consider an economy with two types of animals: pigs and endangered elephants with ivory tusks. The pigs live on farmers' ranches and are sold to meat producers. The elephants roam on prairies and are often hunted by poachers.

Elephants with ivory tusks are an example of _________, while pigs are an example of ________.

A. Public goods; private goods

B. Common resources; private goods

C. Common resources; public goods

D. A natural monopoly; common resources

E. Public goods; a natural monopoly

 Tags:

   Report

1 ANSWERS


  1. The first question is definitely D, a private good. For the second question, I would say D, but I am not sure of the answer. The elephants seem to be common resources because everyone has access to them and they are excludable. I am not sure about the pigs.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.