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
Other questions in this quiz
2. Fencing a park or beach and charging an entrance fee. This is?
- Semi non-excludable
- Semi non-rival
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. Negative externalities cause the social cost curve to lie ____ the private cost curve
- Above
- Below
5. Which of these is NOT a public good?
- Police service
- Can of coke
- Street light
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