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Principles of Microeconomics
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

Understanding Questions

1.What is a nonrival good? Hint?
2.What is a nonexcludable good? Hint?
3.What is a pure public good? Hint?
4.What is a collective good? Hint?
5.What is a pure commons good? Hint?
6.What is a regressive tax? Hint?
7.What is a proportional tax? Hint?
8.What is a progressive tax? Hint?
9.What is the optimal quantity of a public good? Hint?
10.What is rent seeking? Hint?


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