Common Goods in Microeconomics: Definition, Comparison & Examples


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question 1 of 3

Street lights are an example of a(n) _____ good.

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1. A common good is _____ and _____.

2. Which of the following can occur with common goods?

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About This Quiz & Worksheet

These assessments will help to gauge how much you know about common goods. Interactive questions will address certain topics like street lights as an example of a type of common good and a proper description for common goods.

Quiz & Worksheet Goals

The following study points will be covered:

  • Something that happens with common goods
  • Example of a common good from a given list
  • The proper management of a common good that could potentially be used up

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on common goods
  • Information recall - access the knowledge you've gained regarding what would be an example of a common good
  • Knowledge application - use your knowledge to answer questions about the description of a common good and the effective management of common goods

Additional Learning

For more, watch or read the lesson named Common Goods in Microeconomics: Definition, Comparison & Examples. These topics will be highlighted:

  • Private and public goods definitions and examples
  • The tragedy of the commons and how it can negatively affect a society
  • Importance of effective management of common goods with methods and techniques