KTCC

KTCC

University

10 Qs

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KTCC

KTCC

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

Minh Khổng

Used 3+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following characteristics is of public goods?

Excludable and competitive

Non-excludable and non-competitive

Excludable but non-competitive

Non-excludable but competitive

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When does the free rider problem occur?

Consumers refuse to consume public goods

Some individuals benefit from public goods without paying for them

The government restricts the provision of public goods

Producers of public goods charge excessively high prices

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a club good?

National defense

Netflix subscription

Public park

Fresh air

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How are local public goods best described?

Goods that have benefits limited only to residents of a specific area

Goods that are always completely satisfying with no competition and cannot be excluded

Goods that are only provided by the central government

Goods that create global benefits

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When the transaction costs of public goods are very high, what does the government usually do?

Let the market provide

Provide publicly and fund through taxes

Prohibit the consumption of such goods

Sell them exclusively to private monopolies

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an externality?

Costs that are borne solely by the producer

Benefits or costs of an activity that affect others without compensation

A type of market good that has competition and can be excluded

A situation where all resources are allocated efficiently

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the case of negative externalities (e.g., pollution), what is the typical market outcome?

Overproduction compared to the socially optimal level

Underproduction compared to the socially optimal level

Exact alignment with the socially optimal level

No production at all

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