맨큐의 경제학(원문) 복습, 연습문제 풀이11~17장

소개

맨큐의 경제학 원문
복습, 연습문제 풀이입니다.
A+ 받았습니다.

목차

11장 QUESTIONS FOR REVIEW
12장 QUESTIONS FOR REVIEW
13장 QUESTIONS FOR REVIEW
14장 PROBLEMS AND APPLICATIONS
15장 QUESTIONS FOR REVIEW
16장 QUESTIONS FOR REVIEW
17장 QUESTIONS FOR REVIEW

본문내용

11장 QUESTIONS FOR REVIEW

1. Explain what is meant by a good being "excludable" Explain what is meant by a good being "rival in consumption" Is a slice of pizza excludable? Is it rival in consumption?

* Is the good excludable? That is, can people be prevented from using the good?
* excludability : the property of a good whereby a person can be prevented from using it
* Is the good rival in consumption? That is, does one person`s sue of the good reduce another person`s ability to use it
* rivalry in consumption : the property of a good whereby one person`s use diminishes other people`s use

→ * Pizza is excludable because it is possible to prevent someone from eating an pizza-you just don`t give it to him
* Pizza is rival in consumption because if one person eats an pizza, another person cannot eat the same pizza.
* Most goods in the economy are private goods like pizza : You don`t get one unless you pay, and once you have it, you are the only person who benefit




2. Define and give an example of public good. Can the private market provide this good on its own?
* Public goods are neither excludable nor rival in consumption. That is, people cannot be prevented from using a public good, and one person`s use of a public good does not reduce another person`s ability to use.

참고자료

· 없음