Characteristics and Challenges of Public Goods Quiz
Explore characteristics and challenges of public goods with this quiz. Test your knowledge on public economics concepts in less than 160 characters!
#1
Which of the following is a characteristic of public goods?
Excludability
Rivalry in consumption
Non-excludability
High price elasticity
#2
Which of the following best describes a public good?
A good that is produced by the government only
A good that is both non-excludable and non-rivalrous
A good that is scarce and expensive
A good that is consumed only by the rich
#3
Which of the following is an example of a non-excludable good?
A private yacht
A concert ticket
Public parks
A luxury car
#4
Which economic concept refers to the inability to exclude individuals from the benefits of a good or service?
Private good
Excludability
Non-excludability
Free rider problem
#5
What is a common challenge associated with providing public goods?
Overproduction
Free rider problem
High price elasticity
Low demand
#6
Which of the following is NOT a characteristic of public goods?
Non-rivalry
Non-excludability
High price elasticity
Collective consumption
#7
What is the main reason why public goods tend to be underprovided by the market?
High production costs
Limited demand
Free rider problem
Government intervention
#8
Which concept suggests that individuals may benefit from public goods without contributing to their production?
Market failure
Free rider problem
Demand deficiency
Supply shock
#9
Which of the following is an example of a public good?
Electricity
Bottled water
Movie tickets
National defense
#10
Which of the following is a potential solution to the free rider problem?
Privatization
Government intervention
Voluntary contributions
All of the above
#11
Which term describes the situation where individuals consume more of a common resource than is socially desirable?
Excludability
Free rider problem
Tragedy of the commons
Market failure
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