1) (This question refers to the MRU video 'A Deeper Look at Public Goods'

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1) (This question refers to the MRU video 'A Deeper Look at Public Goods'.) If one person's use of a good reduces another person's ability to use the good, then the good is said to be:

a. excludable.

b. nonexcludable.

c. rival.

d. nonrival.

2. (This question refers to the MRU video 'The Tragedy of the Commons'.) Of the possible solutions to the tragedy of the commons presented by Professor Tabarrok in the video, which was accompanied by the clearest example of success?

a. Cultural norms

b. Creating property rights

c. Public provision

d. Command and control responses

3. (This question refers to the MRU video 'The Coase Theorem'.) Transactions costs can be high when:

a. property rights have not been clearly established.

b. there are not very many bystanders who are affected by external costs or benefits.

c. it is hard to identify the bystanders who are affected by external costs or benefits.

d. costs are internal but benefits are external.

4. (This question refers to the MRU video 'The Tragedy of the Commons'.) The rivalry of tuna is demonstrated by the fact that:

a. tuna are a resource that nature continually restocks.

b. permits are required to fish for tuna.

c. every tuna caught reduces the number of tuna left for other people to catch.

d. tuna aggressively protect their food sources.

5. (This question refers to the MRU video 'The Coase Theorem'.) Nobel laureate James Meade argued that the market would underprovide:

a. crops that bees pollinate.

b. pollination.

c. beekeeping.

d. pollution.