Economics 1.3 and 1.4- Market Failure and Externalities

?

1. Which one of these is not a drawback of minimum price schemes?

  • Surpluses are often dumped in third world countries
  • Surpluses are often sold cheaply or destroyed
  • Obesity increases
  • Opportunity cost to the government
1 of 12

Other questions in this quiz

2. Which of these is not an example of a quasi-public good?

  • Education
  • Roads
  • Public transport
  • NHS

3. Which of these is not an example of Government failure?

  • Privatisation
  • Environmental regulators
  • Information gaps
  • Minimum wage

4. Which one of these industries has a positive consumption externality but a negative production externality?

  • Recycling
  • Health care
  • Manufacturing
  • Private motor transport

5. Which of these is not an example of a public good?

  • Defence
  • NHS
  • Street lights
  • Views
View more questions

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Market failure resources »