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. 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.
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