Which one of the following is a definition of a merit good? A) Services which can only be provided by the government through taxes B) Goods which provide cear social and private benefits to consumers C) A good which can be produced by the market but would likely be under-consumed D) Goods which are beneficial in consumption but consumers are unaware of the extent of the benefits E) Goods which are not capable of being provided by the market because they are excludable and rival Merit goods are an example of which of the following problems in economics: A) Free rider B) Principal-agent C) Tragedy of the Commons D) Intertemporal choice E) Excludable, non-rival goods provision De-merit goods have characteristics that if left the market mechanism, they are over consumed and impose private costs on the individual consume them, and also have wider social costs. Which of the following ways in which a government might seek to reduce consumption of of merit costs? Check all the apply A) Impose regulation on the sale of De-merit goods B) cut education programmes to reduce the advertising merit goods C) Impose subsidy on producers of De-merit goods D) Lavy a tax to increase the price of De-merit good E) Reduce taxes on complements to De merit goods
Which one of the following is a definition of a merit good?
A) Services which can only be provided by the government through taxes
B) Goods which provide cear social and private benefits to consumers
C) A good which can be produced by the market but would likely be under-consumed
D) Goods which are beneficial in consumption but consumers are unaware of the extent of the benefits
E) Goods which are not capable of being provided by the market because they are excludable and rival
Merit goods are an example of which of the following problems in economics:
A) Free rider
B) Principal-agent
C) Tragedy of the Commons
D) Intertemporal choice
E) Excludable, non-rival goods provision
De-merit goods have characteristics that if left the market mechanism, they are over consumed and impose private costs on the individual consume them, and also have wider
A) Impose regulation on the sale of De-merit goods
B) cut education programmes to reduce the advertising merit goods
C) Impose subsidy on producers of De-merit goods
D) Lavy a tax to increase the price of De-merit good
E) Reduce taxes on complements to De merit goods
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