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Card 6

Front

Give an example of a public good

Back

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Card 7

Front

What is the free rider problem?

Back

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Card 8

Front

What is symmetric information?

Back

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Card 9

Front

What is asymmetric information?

Back

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Card 10

Front

Give three examples of asymmetric information

Back

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Card 11

Front

What is adverse selection?

Back

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Card 12

Front

What is moral hazard?

Back

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Card 13

Front

What are merit goods?

Back

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Card 14

Front

What is government failure?

Back

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Card 15

Front

What is internalising an externality?

Back

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