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Market failure

Authored by Vasilis Karoumpalis

Social Studies

10th Grade

Used 16+ times

Market failure
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18 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick the correct answer:


only those consumers who are willing and able to pay for the good can enjoy the benefits of the good.

Rival

Non-Excludable

Excludable

Non-Rival

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick the correct answer:


The use of the good by one person decreases the available quantity of the good for other people

Rival

Non-Excludable

Excludable

Non-rival

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick the correct answer:


Even the people who have not paid for these goods can enjoy their benefits.

Excludable

Rival

Non-Excludable

Non-rival

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick the correct answer:


Their use by one person does not decrease the quantity available for other people.

Non-excludable

Rival

Non-rival

Non-excludable

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick all that apply (more than one):


Private goods are

Excludable

Non-excludable

Rival

Non-rival

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick all that apply (more than one):


Public goods are

Rival

Non-excludable

Excludable

Non-rival

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick all that apply (more than one):


Common resources are

Non-rival

Non-excludable

Rival

excludable

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