Public goods/Externalities

Public goods/Externalities

12th Grade

35 Qs

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Public goods/Externalities

Public goods/Externalities

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Laquanta Jackson

Used 27+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The part of the economy that involves the transactions of the government.

Private sector

Free rider

Public sector

Externality

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Someone who would not choose to pay for a certain good or service,but who would get the benefits of it anyway if it were provided as a public good.

Market failure

Externality

Public good

Free rider

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The part of the economy that involves the transactions of individuals and businesses.

Public sector

Externality

Private sector

Public good

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Is a situation in which the market, on its own, does not distribute resources efficiently.

Public good

Private sector

Externality

Market Failure

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An Economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume.

Public good

Free rider

Externalities

Private sector

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A shared good and service for which would be impractical to make consumers pay individually and to exclude nonpayers.

Externality

Public sector

Public good

Private sector

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Free riders are examples of....

public sector

public good

Externality

Market Failure

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