Question

For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two characteristics. Rivalrous is also referred to as rival in consumption. Consider only the immediate benefits and costs, not any externalities. national defense Pay-Per-View cable television a Hot Pocket sandwich private classroom education pajamas a unicycle.
Good:

National Defense:________
Pay per view cable TV:________
A Hot Pocket sandwich:_________
Private classroom education:_______
Pajamas:_______
A unicycle:_________


Characteristics:
Excludable
Non-excludable
Rivalrous
Non-rivalrous

Answer 1

Answer: Please refer to Explanation.

Explanation:

First let me begin by explaining the terms,

When we speak of EXCLUDABLE GOODS we speak of goods that people will not benefit from if they are unwilling to pay for them.

NON-EXCLUDABLE GOODS are the opposite in that people still benefit even if they are unwilling to pay.

When we speak of RIVALROUS GOODS we speak of goods that when consumed, the ability of others to partake of that good is diminished or destroyed as opposed to NON-RIVALROUS goods who's consumption does not reduce or get destroyed by the usage and consumption of others.

Now then,

National Defense: NON-EXCLUDABLE and NON-RIVALROUS

Pay per view cable TV: EXCLUDABLE and NON-RIVALROUS

A Hot Pocket sandwich: EXCLUDABLE and RIVALROUS.

Private classroom education: EXCLUDABLE and RIVALROUS.

Pajamas: EXCLUDABLE and RIVALROUS.

A unicycle: EXCLUDABLE and RIVALROUS.

If you need any further clarification do comment. Cheers.