Other questions in this quiz

2. Negative externalities create _________.

  • External costs
  • Private costs

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

  • Positive
  • Negative

4. If the market does NOT take negative externalities into account the result is that the socially efficient output is ______ than the current output.

  • Less
  • More

5. If only the private costs/benefits were reflected in the price of the product then it would not accurately reflect the true cost, therefore it will lead to either over or under production.

  • True
  • False

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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