Characteristics of Goods in Economics Quiz
Test your knowledge on durable goods, public goods, club goods, rival goods, and more with our microeconomics quiz!
#1
Which of the following is an example of a durable good?
Milk
Car
Vegetables
Newspaper
#2
What type of good is clothing?
Normal good
Inferior good
Giffen good
Luxury good
#3
Which of the following is an example of a private good?
Fresh air
Fireworks display at a public park
National defense
Cell phone
#4
Which characteristic distinguishes a public good from a private good?
Excludability
Rivalry
Non-excludability
Non-rivalry
#5
What is an example of a pure public good?
Highway
Bread
Cell phone
Restaurant meal
#6
Which characteristic of goods refers to the fact that one person's consumption of a good reduces its availability for others?
Excludability
Rivalry
Non-excludability
Non-rivalry
#7
What is a characteristic of a common resource?
Non-rivalry
Non-excludability
Rivalry
Excludability
#8
Which characteristic best describes a club good?
Non-excludability
Excludability
Rivalry
Non-rivalry
#9
Which of the following is an example of an informational good?
#10
What is a characteristic of an experience good?
Excludability
Rivalry
Non-excludability
Non-rivalry
#11
Which characteristic distinguishes a private good from a club good?
Excludability
Rivalry
Non-excludability
Non-rivalry
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