BEcons 2022 Session 3

BEcons 2022 Session 3

University

10 Qs

quiz-placeholder

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BEcons 2022 Session 3

BEcons 2022 Session 3

Assessment

Quiz

Education, Other

University

Medium

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Aejan Baldo

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT a positive externality?

Education

Technology Spillover

Noise Pollution

Research and Development

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Consumers do not have accurate information about market prices or product quality.

Asymmetric Information

Fake News

Pollution

Market Power

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Goods that are nonrival and nonexclusive.

Private Goods

Public Goods

Club Goods

Common Resources

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A consumer or producer who does not pay for a nonexclusive good in the expectation that others will.

Mafia

VIP

Free Rider

Celebrity

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of public good?

Clean Air and Water

Congested Roads

Fish, Whales, and Other Wildlife

National Defense

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is an institution where buyers and sellers would exchanges goods and services with one another

Economy

Society

Market

Business Firms

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This refers to the decline on the purchasing power of money or a given currency over time

Inflation

Risks

Costs

Recession

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