10/10/25, 2:12 PM SPEA V 186 Exam 1 2025 (Actual Exam) Questions with verified Answers (Latest Update 2025) UPDATE!! Flashcards | Quizlet
SPEA V 186 Exam 1 2025 (Actual Exam) Questions
with verified Answers (Latest Update 2025)
UPDATE!!
Save
Practice questions for this set
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Terms in this set (47)
1) Payments to government are made by those who
do not expect to receive repayment or economic
benefits proportionate to the resources that are
The three main
provided;
distinguishing parts of a
(2) Purpose is other than to make profits, or profit
government
equivalents; and,
(3) There is an absence of defined ownership
interests.
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, 10/10/25, 2:12 PM SPEA V 186 Exam 1 2025 (Actual Exam) Questions with verified Answers (Latest Update 2025) UPDATE!! Flashcards | Quizlet
-Markets
-Exchange
-Property rights
Characteristics of the -Rights of exclusion
private sector (5) -Appropriability - ability to capture and retain value
from production and diffusion of goods and services
that an individual or firm creates for its own benefit
(usually innovations).
-A notable absence of markets
-Non-exchange relations
-Absence of clear property rights
Characteristics of the -Non-excludability
public sector -Non-appropriability - inability to capture and retain
value from production and diffusion of goods and
services that an individual or firm creates for its own
benefit (usually innovations).
Rival goods Exhaustion through consumption of the same good
Not Exhausted through consumption of the same
Non-rival goods
good
Excludable Exclusion of non-payers feasible
Non-excludable Exclusion of non-payers Not feasible
Elements of pure private Rival and excludable
goods
Elements of pure public Non-rival, non excludable
good
Elements of toll goods Excludable, non rival
Elements of common pool Rival, non excludable
(property) good
the under-provision or over-provision of goods or
market failure services if provided solely by private markets.
ex: disease control
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SPEA V 186 Exam 1 2025 (Actual Exam) Questions
with verified Answers (Latest Update 2025)
UPDATE!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (47)
1) Payments to government are made by those who
do not expect to receive repayment or economic
benefits proportionate to the resources that are
The three main
provided;
distinguishing parts of a
(2) Purpose is other than to make profits, or profit
government
equivalents; and,
(3) There is an absence of defined ownership
interests.
https://quizlet.com/1090702806/spea-v-186-exam-1-2025-actual-exam-questions-with-verified-answers-latest-update-2025-update-flash-cards/ 1/7
, 10/10/25, 2:12 PM SPEA V 186 Exam 1 2025 (Actual Exam) Questions with verified Answers (Latest Update 2025) UPDATE!! Flashcards | Quizlet
-Markets
-Exchange
-Property rights
Characteristics of the -Rights of exclusion
private sector (5) -Appropriability - ability to capture and retain value
from production and diffusion of goods and services
that an individual or firm creates for its own benefit
(usually innovations).
-A notable absence of markets
-Non-exchange relations
-Absence of clear property rights
Characteristics of the -Non-excludability
public sector -Non-appropriability - inability to capture and retain
value from production and diffusion of goods and
services that an individual or firm creates for its own
benefit (usually innovations).
Rival goods Exhaustion through consumption of the same good
Not Exhausted through consumption of the same
Non-rival goods
good
Excludable Exclusion of non-payers feasible
Non-excludable Exclusion of non-payers Not feasible
Elements of pure private Rival and excludable
goods
Elements of pure public Non-rival, non excludable
good
Elements of toll goods Excludable, non rival
Elements of common pool Rival, non excludable
(property) good
the under-provision or over-provision of goods or
market failure services if provided solely by private markets.
ex: disease control
https://quizlet.com/1090702806/spea-v-186-exam-1-2025-actual-exam-questions-with-verified-answers-latest-update-2025-update-flash-cards/ 2/7
