 |  Principles of Microeconomics, 1st Canadian Edition Robert H. Frank,
Cornell University
Ben S. Bernanke,
Princeton University
Lars Osberg,
Dalhousie University
Melvin Cross,
Dalhousie University
Brian MacLean,
Laurentian University
Public Goods and Taxation
Key Terms & GlossaryBelow are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.
| Collective good | A good or service that, to at least some degree, is nonrival but excludable.
| | | | | Head tax | A tax that collects the same amount from every taxpayer.
| | | | | Nonexcludable good | A good that is difficult, or costly, to exclude nonpayers from consuming.
| | | | | Nonrival good | A good whose consumption by one person does not diminish its availability for others.
| | | | | Progressive tax | One in which the proportion of income paid in taxes rises as income rises.
| | | | | Public good | A good or service that, to at least some degree, is both nonrival and nonexcludable.
| | | | | Pure commons good | One for which nonpayers cannot easily be excluded and for which each unit consumed by one person means one less unit available for others.
| | | | | Pure private good | One for which nonpayers can easily be excluded and for which each unit consumed by one person means one less unit available for others.
| | | | | Pure public good | A good or service that, to a high degree, is both nonrival and nonexcludable.
| | | | | Regressive tax | A tax under which the proportion of income paid in taxes declines as income rises.
| | | | | Rent-seeking | The socially unproductive efforts of people or firms to win a prize.
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2003 McGraw-Hill Higher Education