Market Failures, Taxes, and Subsidies

Market Failures, Taxes, and Subsidies

9th - 12th Grade

10 Qs

quiz-placeholder

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Market Failures, Taxes, and Subsidies

Market Failures, Taxes, and Subsidies

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Cynthia Elm

Used 74+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the name of people who benefit without paying?

Free riders

Free takers

Free loaders

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Things that are for our collective well-being are funded by our _____.

government.

free markets.

selves.

emus.

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A market failure is when markets alone can't provide enough of a public good.

True

False

4.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

What are the two characteristics of a public good?

Non-exclusionary

Non-rivalry

Non-socialist

Non-conformist

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Tragedy of the _____ is the idea that common goods that everyone has access to are often misused and exploited.

Commons

Exceptions

People

Oligarchs

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

_____ are situations when there's an external costs or external benefits that accrue to other people or society as a whole.

Externalities

Internalities

Progressives

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Education is a negative externality.

False

True

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