
Market Failure
Authored by Christopher Warren
Social Studies
11th - 12th Grade
Used 17+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Society achieves allocative efficiency when
marginal social benefits > marginal social cost
marginal social benefits < marginal social cost
marginal social benefits = marginal social cost
marginal private benefits = marginal private cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price mechanism may allocate resources efficiently in the case of
public goods
private goods
non-excludable goods
non-rivalrous goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a cause of market failure?
the presence of common pool resources such as forests and oceans
the existence of public goods
the presence of externalities
the presence of maximum social surplus
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An externality is present when
there is an efficient allocation of resources
the economy reaches an equilibrium when MSB = MSC
activities of producers and consumers prevent the economy from reaching an equilibrium
activities of producers and consumers affect the well being of third parties whose interests are not taken into account
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A negative externality arising from the production of good Z leads to
an overallocation of resources to the production and consumption of good Z
an underallocation of resources to the production and consumption of good Z
higher costs of production for good Z
lower demand for good Z
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Negative production externalities due to the use of fossil fuels arise because
the private costs of production are greater than the social costs
environmental regulations are strongly enforced
firms are not aware of environmental regulations
firms ignore the costs they impose on bystanders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market-based policies to reduce the external costs arising from the use of fossil fuels do not include
tradable permits
carbon taxes
indirect taxes
collective self - governance
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
22 questions
Earth Forms
Quiz
•
9th - 12th Grade
26 questions
Governance Indicators PART 1
Quiz
•
11th - 12th Grade
22 questions
AP Gov Chapter 1 vocab
Quiz
•
9th - 12th Grade
23 questions
The Conquistadors Grade 8
Quiz
•
9th - 12th Grade
23 questions
PLACAS PMA
Quiz
•
1st Grade - University
21 questions
FINALS WEEK 5 IWBRS
Quiz
•
11th Grade
26 questions
Unit 1 Skills and Sources
Quiz
•
9th - 11th Grade
21 questions
US History 1776 - 2021
Quiz
•
3rd - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Social Studies
15 questions
1920s Quizizz
Quiz
•
11th Grade
33 questions
Unit #2 PFL & Eco Exam (2024 Version)
Quiz
•
11th Grade
15 questions
SBAC Practice HSS26_Vasquez
Quiz
•
9th - 12th Grade
8 questions
1990's Review
Quiz
•
11th Grade
26 questions
US History Benchmark Review
Quiz
•
11th Grade
12 questions
Standard 5/ Pres Policies
Quiz
•
11th Grade
16 questions
SBAC Practice HSS26
Quiz
•
9th - 12th Grade
12 questions
Understanding the Vietnam War Responses
Quiz
•
11th Grade