Other questions in this quiz

2. Negative externalities create _________.

  • External costs
  • Private costs

3. 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

4. Merit goods are?

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

5. What is a merit good?

  • Merit goods have more private benefits than consumers actually realise
  • Merit goods, their consumption is more harmful than consumers realise.

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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