Externalities, merit and demerit goods and public, quasi public and private goods

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  • Created by: Jade
  • Created on: 01-12-12 15:54

1. Merit goods tend to have ________ externalities associated with their consumption

  • Positive
  • Negative
1 of 20

Other questions in this quiz

2. Education and health are examples are?

  • Merit goods
  • Demerit goods

3. What are negative externalities?

  • Negative externalities occur when the social costs are greater than the private costs.
  • Negative externalities occur when the private costs are greater than the social costs .
  • Negative externalities occur when the first parties do not benefit from third party actions.

4. What is a positive externality?

  • Positive externality occurs when the social benefit is greater than the private benefit
  • Positive externality occurs when the private benefit is greater than the social . benefit

5. Goods having some but not all of the characteristics of a public good

  • Quasi public good
  • Private good

Comments

izzy

very good quiz!

davidsalter

This 10 question quiz can be used to provide a brief respite from intensive reading and highlight areas for further study.

Alvarodasilva17

(y) 

ISISJJFISH

slap my botty

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