Help with Economic Homework?

Reply Sat 29 Nov, 2014 08:51 am
I was doing my econ homework, and got stuck on these questions. Help would be much appreciated!

1. Niagara Falls is a _____.
a) a private good
b) a common resource
c) a public good
d) a natural monopoly

2. Classify the following as a common resource, a public good, or neither:
i) Logging
ii) A canal through the arctic
iii) mining infrastructure
iv) a mine
v) tourism

3. _____ likely increases climate change.
a) logging
b) shipping through the Arctic Ocean
c) Tourism
d) both A and B

4. Firefighting service is _____ and _____.

a) nonrival; non excludable
b) nonrival; excludable
c) rival; nonexcludable
d) rival; excludable

Help with these questions would be well appreciated!
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 1 • Views: 1,484 • Replies: 1
No top replies

Reply Thu 22 Jan, 2015 08:57 am
1. a common resource
2. A canal through the arctic

0 Replies

Related Topics

  1. Forums
  2. » Help with Economic Homework?
Copyright © 2021 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.04 seconds on 11/28/2021 at 09:30:13