Question

3 multiple answer 2 points
within the goods matrix, a private good is associated with the following characteristics:
(check all that apply)
rival consumption
nonrival consumption
excludable provision
nonexcludable provision
4 multiple choice 2 points
which of the following can be associated with hobbess view of the state of nature?
a war of all against all that is solitary, poor, nasty, brutish and short
mutual agreement to confer all ones liberty upon someone to maintain order
a context governed by the golden rule of reciprocity and mutual respect
a condition of perfect liberty with a barter economy
clear my selection

Explanation:

Question 3

Private goods in economics have two key characteristics: rival consumption (one's consumption reduces availability for others) and excludable provision (people can be excluded from using them if they don't pay). Nonrival consumption is for public goods like streetlights, and nonexcludable provision is for public goods or common resources. So the correct options are rival consumption and excludable provision.

Hobbes described the state of nature as a "war of all against all" that is "solitary, poor, nasty, brutish, and short" because without a governing authority, people act in self - interest with no cooperation. The mutual agreement to confer liberty (social contract) is how people escape the state of nature, not the state of nature itself. The golden rule and perfect liberty with barter don't match Hobbes's view.

Answer:

• rival consumption
• excludable provision

Question 4