Other questions in this quiz

2. Which of these is an example of a quasi public good?

  • A bottle of tropicana juice
  • Toll roads
  • Street light

3. What is meant by non-rivalry?

  • Consumption by any one person does not affect consumption of any others
  • People can benefit directly from the consumption of a public good but do not contribute towards its provision
  • Individuals cannot be excluded from their consumption. They are provided for all, irrespective of whether they have paid for the product indirectly through taxation.

4. Negative externalities result in?

  • Overproduction
  • Underproduction

5. Both excludable and rival

  • Private good
  • Public good
  • Quasi public good

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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