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. If left to the free market, most public goods would not be provided, despite the benefit they give to those who consume them.

  • True
  • False
1 of 20

Other questions in this quiz

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

  • Greater
  • Lower

3. Up to a point, extra consumers using a park, beach or road do not reduce the amount of the product available to other consumers. Eventually additional consumers reduce the benefits to other users. This is?

  • Semi non-rival
  • Semi non-excludable

4. Positive externalities result in?

  • Underproduction
  • Overproduction

5. Fencing a park or beach and charging an entrance fee. This is?

  • Semi non-excludable
  • Semi non-rival

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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