Quizlet
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| 1-2 of 2Public goods flashcard sets | |||
|---|---|---|---|
| # | Title | Terms | Date |
| 1 | 3.3 Public Goods and Externalitiesby mjdolenko | 6 terms | October 7, 2009 |
| 2 | providing public goodsby sendatsu | 7 terms | September 3, 2009 |
No groups found.
| public goods definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | goods, such as clean air and clean water, that everyone must share. | 8 sets | |
| 2 | goods, such as clean air and clean water, that everyone must share | 8 sets | |
| 3 | owned and controlled by government | 4 sets | |
| 4 | goods that are neither excludable nor rival in consumption | 3 sets | |
| 5 | goods, such as clean air and clean water that everyone must share | 2 sets | |
| 6 | goods enjoyed simultaneously by a group, as opposed to a private good that must be divided up to be shared | 2 sets | |
| 7 | goods such as clean air, and clean water that everyone must share and are entitled to. | 2 sets | |
| 8 | products that are collectively consumed by everyone and whose use by one individual does not diminish the satisfaction or values available to others | 2 sets | |
| 9 | goods that everyone can use | 2 sets | |
| 10 | goods, such as clean air and clean water, that everyone can share | 2 sets | |
| 11 | property and resources owned and controlled by the government. | 2 sets | |
| 12 | economic product that is consumed collectively; highways, national defense, police and fire protection. | 2 sets | |
| 13 | the consumption of this good by someone does not reduce the amount for others to consume, and no one can be effectively excluded from using this good. | 2 sets | |
| 14 | things that everyone can share | 1 set | |
| 15 | those goods or services that cannot or will not be provided via the market bc their costs are too high or their benefits too diffuse | 1 set | |
| 16 | benefits and services, such as parks and sanitation, that benefit all citizens but are not likely to be produced voluntarily by individuals | 1 set | |
| 17 | goods provided by the government that can benefit everyone simultaneously and one person's benefit doesn't reduce the benefit of others | 1 set | |
| 18 | goods that are both nonrival and nonexcludable | 1 set | |
| 19 | non rival and non excludable | 1 set | |
| 20 | benefits and services such as parks and sanitation, education and road building | 1 set | |
| 21 | economic product that is consumed collectively; highways, national defense, police and fire protection | 1 set | |
| 22 | goods, such as clean air and celarn water, that everyone must share | 1 set | |
| 23 | goods that would not be provided at all in a free market. since they are goods that are of benefit of society, the lack of it in a free market is considered to be a market failure | 1 set | |
| 24 | goods that, once produced, are available to all, but non payers are not easily excluded (schools) | 1 set | |
| 25 | goods or services that government supplies to its citizens; can be used by many individuals at the same time without reducing the benefit each person receives | 1 set | |
| 26 | property and resources owned and controlled by the government | 1 set | |
| 27 | goods that, first, may be enjoyed by anyone if they are provided and, second, may not be denied to anyone once they have been provided | 1 set | |
| 28 | goods such as schools, libraries, weather forecasting halfway houses highways public parks etc | 1 set | |
| 29 | economic product that is consumed collectively: highways, national defense, police and fire protection | 1 set | |
| 30 | benefits and services,such as parks and sanitation,that benefit all citizens but are notlikely to be produced voluntarly by individuals. | 1 set | |
| 31 | a public good is a good that is non-rivalrous and non-excludable. this means, respectively, that consumption of the good by one individual does not reduce availability of the good for consumption by others; and that no one can be effectively excluded from using the good. | 1 set | |
| 32 | a good or service that is characterized by nonrivalry and nonexcludability | 1 set | |
| 33 | a good or service that is characterized by nonrivalry and nonexcludability; a good or service that these charateristics provided by the government | 1 set | |
| 34 | good that, once produced, are available to all, but nonpayers are not easily excluded; public parks or national defense | 1 set | |
| 35 | individually and socially desirable goods that are nonexcludable and nonrival in consumption, such as national defense | 1 set | |
| 36 | anything we all share together paid for with tax money | 1 set | |
| 37 | products/goods consumed by all consumers regardless who pays and who doesn't pay; they are non-excludable and non-rival | 1 set | |
| 38 | products that are collectively consumed by everyone, and whose use by one individual does not diminish the satisfaction or value available to others | 1 set | |
| 39 | the benefits and services such parks and sanitation that are available to everyone | 1 set | |
| 40 | goods such as highways and public parks that everyone must share. | 1 set | |