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

HideShow resource information
  • Created by: Jade
  • Created on: 01-12-12 15:54

1. 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.
1 of 20

Other questions in this quiz

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

  • Positive
  • Negative

3. Education and health are examples are?

  • Merit goods
  • Demerit goods

4. Public goods - it is difficult, if not impossible, to _____ for them directly.

  • Charge
  • Pay
  • Consume

5. Negative externalities create _________.

  • External costs
  • Private costs



very good quiz!


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




slap my botty

Similar Economics resources:

See all Economics resources »See all Competitive markets resources »