Classify the following goods into different categories: 1. Grand Canyon National
ID: 1105385 • Letter: C
Question
Classify the following goods into different categories:
1. Grand Canyon National Park on a rainy, cool day
2. Disney World on a stormy day
3. a crowded public beach on a sunny, warm day
4. White Mountain ski resort on a sunny, mild day
5. a noncongested toll road
6. A congested toll road
7. fire station in a small town
8. a tornado siren
9. whales in the ocean
10. A mathematical theorem
11. Wild fish in public lake
12. A fountain on UWM campus
13. A view of a spectacular sunset along a private beach
14. a public beach
15. a DVD
16. efforts to fight poverty
17. A vacation home in Malibu
18. An internet radio broadcast
Excludable
(Y/N)
Rival
(Y/N)
Private good
Public good
Club good
Common resource
Excludable
(Y/N)
Rival
(Y/N)
Private good
Public good
Club good
Common resource
Explanation / Answer
1. Grand Canyon National Park on a rainy, cool day: Non-Excludable and Non-Rival (Public Good)
2. Disney World on a stormy day: Excludable and Non-Rival (Club Good)
3. A crowded public beach on a sunny, warm day: Non-Excludable and Rival (Common Resource)
4. White Mountain ski resort on a sunny, mild day: Excludable and Rival (Private Good)