Question

Goods where non payers can effectively be prevented from utilizing, but use does not reduce the benefit to other people are called:_______A. Social goodsB. Toll goodsC. Common-pool goodsD. Pure public goods

Answer 1

Answer:B. Toll goods

Explanation:

Toll goods and services

Toll goods are characterized by relativeky easy exclusion such as how private goods work but still these goods can be enjoyed by most jointly so , the benefits isn't for certain individuals. For examples Parks and Game reserves , the entrance to these places is easily controlled by an entry fee for anyone who want to enjoy the benefits but many people can pay and enjoy the service of this place all at the same time. Due to the fact that there is a demand for the service provided by these places it makes it easier to exclude those people who don't pay the entry fee. The owners are able to use these entry fees to actual expand this business so in some way they are similar to how private goods operates.