Economics - Public Goods
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This is the MCQs of Economics
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Question 1 of 20
1. Question
If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be:
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Question 2 of 20
2. Question
A public good is:
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Question 3 of 20
3. Question
A private good is:
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Question 4 of 20
4. Question
A good produced by a natural monopoly is:
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Question 5 of 20
5. Question
A common resource is
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Question 6 of 20
6. Question
Public goods are difficult for a private market to provide due to:
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Question 7 of 20
7. Question
Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true?
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Question 8 of 20
8. Question
A free rider is a person who
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Question 9 of 20
9. Question
Which of the following is an example of a public good?
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Question 10 of 20
10. Question
A positive externality affects market efficiency in a manner similar to a
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Question 11 of 20
11. Question
Suppose that requiring motorcycle riders to wear helmets reduces the probability of a motorcycle fatality from 0.3 percent to 0.2 percent over the lifetime of a motorcycle rider and that the cost of lifetime supply of helmets is Rs5000. It is efficient for the government to require riders to wear helmets if human life is valued at
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Question 12 of 20
12. Question
A negative externality affect market efficiency in a manner similar to
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Question 13 of 20
13. Question
When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because
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Question 14 of 20
14. Question
Which of the following is an example of a common resource?
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Question 15 of 20
15. Question
The Tragedy of the Commons is a parable that illustrates why?
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Question 16 of 20
16. Question
Which of the following are potential solutions to the problem of air pollution?
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Question 17 of 20
17. Question
When markets fail to allocate resources efficiently, the ultimate source of the problem is usually
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Question 18 of 20
18. Question
If a person can be prevented from using a good, the good is said to be
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Question 19 of 20
19. Question
A congested toll road is:
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Question 20 of 20
20. Question
A person who regularly watches BBC television programs in the UK but fails to pay their TV licence fee is known as
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