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. As a result of positive externalities, the socially efficient output is _____ than the current output.

  • Greater
  • Lower
1 of 20

Other questions in this quiz

2. What are negative externalities?

  • Negative externalities occur when the first parties do not benefit from third party actions.
  • 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 .

3. 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

4. Merit goods are?

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

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

  • Positive
  • Negative

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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