
Chapter 12
Quiz
•
Social Studies
•
11th Grade
•
Practice Problem
•
Easy
Maryann Williams
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Public goods have which characteristics
rivalrous and excludable
non-rivalrous and excludable
rivalrous and non-excludable
non-rivalrous and non-excludable
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can economies deal with market failure of public goods?
Price ceilings
subsidies and grants
taxation
direct provision
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a public good
education
healthcare
street lighting
Wifi services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic agent usually provides public goods?
government
consumers
private sector
tertiary sector
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Public goods tend to have _____ externalities
POSITIVE
NEGATIVE
INELASTIC
ELASTIC
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods that have positive production and consumption externalities tend to be ____ goods
Merit
Demerit
Inelastic
Elastic
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If benefits of a good cannot be withheld from a particular individual the good is
non rivalrous
non excludable
inelastic
merit
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