Search Header Logo

Externalities and markets

Authored by David Easton

Social Studies

12th Grade

Used 1+ times

Externalities and markets
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A spillover or side effect of production or consumption

Monopoly

Oligopoly

Externality

Market effect

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best definition of a positive externality?

benefits enjoyed by both consumers and producers in the market for a good.

benefits enjoyed by only consumers in the market for a good.

benefits enjoyed by only producers in the market for a good.

benefits enjoyed by bystanders outside the market transactions of a good

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best definition of a negative externality?

Negative effects on both consumers and producers in the market of a good.

Negative effects on bystanders outside of a market from consumer and producer transactions.

Negative effects on just consumers in the market for a good.

Negative effects on just producers in the market for a good.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best definition of a bystander:

A consumer

A producer

Both producers and consumers

Someone not involved in the market but affected by market activity

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following is the best option for fixing a negative externality?

Tax the production of the good.

The government can set a limit/quota on the number of units of a good that is produced

Subsidize the production of the good.

The government can provide the good for free.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic goal does this exchange at an outdoor food stand BEST represent?

economic stability

economic freedom

economic equity

economic security

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is one reason that firefighter services are considered a public good?

Everyone in the community benefits from it.

Nobody in the community has to pay for it.

Private firms make a profit from producing it

Individual citizens pay directly for it.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?