Public goods/Externalities
Authored by Laquanta Jackson
Social Studies
12th Grade
Used 27+ times
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35 questions
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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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