Question

In much of the United States and Canada, logging takes place in both privately owned and government-owned forests. a. Privately owned forests are: multiple choice 1 private, rival, and nonexcludable. public, rival, and excludable. private, rival, and excludable. private, nonrival, and excludable. b. Suppose that anyone is legally allowed to enter a government-owned forest and start logging. These forests are: multiple choice 2 common resources. public free riders. rival and private. private resources. c. The rate of logging in a government-owned forest would be faster than the efficient level.

Answer 1

Answer:

A.) private, nonrival, and excludable

B.) Common resources

C. Faster

Explanation:

A. A privately owned forest is a private good. This goods ownership is restricted to those that bought it. No one else shares in the use of this good. Therefore the answer here is that it is private, non rival and also excludable.

B. If anyone is able to enter a government forest legally it means it is a common good. Common goods are goods with rivalry but are non excludable.

C. The rate of logging in a government owned forest would be faster since there is little cost to cutting the trees, especially when there is no regulation.