Economics Government Intervention Quiz
Authored by Maya Kharishma
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11th Grade
Used 36+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the characteristics of public goods?
Excludable and rival
Non-excludable and non-rival
Excludable and non-rival
Non-excludable and rival
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the characteristics of demerit goods?
Undervalued and under-consumed
Non-excludable and non-rival
Over-valued and over-consumed
Excludable and rival
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are merit goods provided by the government?
To discourage consumption
To raise revenue
To increase economic efficiency
To encourage consumption
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a free rider in the context of public goods?
Someone who consumes the product without paying for it
Someone who produces the public good for free
Someone who rejects the public good
Someone who overvalues the public good
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of setting a maximum price control?
To stabilize the price
To increase the income of producers
To make it more affordable for the poor
To discourage consumption
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of a merit good?
Non-excludable and non-rival
Undervalued and under-consumed
Excludable and rival
Over-valued and over-consumed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a government subsidy?
To encourage consumption
To raise revenue
To discourage consumption
To stabilize the price
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