
BEcons 2022 Session 3
Authored by Aejan Baldo
Education, Other
University
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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