Other questions in this quiz

2. Positive externalities result in?

  • Underproduction
  • Overproduction

3. Merit goods are?

  • Under produced and under consumed
  • Over produced and over consumed

4. What is a public good?

  • Goods that are collectively consumed and have the characteristics of non-excludability and non-rivalry.
  • Goods that are consumed by some and have the characteristic of either non-excludability or non-rivalry.
  • Goods that have none of the characteristics of non-excludability and non-rivalry.

5. Fencing a park or beach and charging an entrance fee. This is?

  • Semi non-excludable
  • Semi non-rival

Comments

izzy

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very good quiz!

davidsalter

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

Alvarodasilva17

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(y) 

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slap my botty

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