
Externalities and Public Goods Quiz
Authored by MITCH VEZEAU
Social Studies
10th Grade
Used 3+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a negative externality?
A benefit enjoyed by a bystander
A cost imposed on a bystander
A product with high demand
A government-imposed regulation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a positive externality?
Noise pollution from a factory
Second-hand smoke in a restaurant
Vaccinations reducing the spread of disease to bystanders
Traffic congestion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes a good that is non-excludable and non-rivalrous?
Private good
Common resource
Club good
Public good
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a public good?
National defense
Netflix subscription
Fish in the ocean
A restaurant meal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 'tragedy of the commons'?
The failure of public goods to meet demand
Overuse and depletion of shared resources
A government monopoly on public goods
The mismanagement of government funds
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic policy is commonly used to reduce negative externalities?
Subsidies
Tariffs
Taxes
Price controls
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of a common resource?
Non-excludable
Rivalrous
Unlimited supply
Subject to overuse
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