IGCSE Cambridge Advanced Grade 11 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
_____________ is quite possible that these private and social cost are the same.

(A) Negative externalities	(B) Positive externalities
(C) Public goods	(D) None of these

Question-2
Government policy and methods of intervention can be summerised under ____________ broad headings.

(A) Two	(B) Three
(C) Four	(D) Five

Question-3
__________ will be under produced in a free market situation.

(A) Merit goods	(B) De-merit goods
(C) Public goods	(D) None of these.

Question-4
___________ must be non-rival.

(A) Merit goods	(B) De-merit goods
(C) Public goods	(D) None of these

Question-5
_________ are those products that are worse for the individual consumers than the individual realises.

(A) Merit goods	(B) De-merit goods
(C) Public goods	(D) None of these

Question-6
A different type of good from a merit or de-merit that may cause the market to fail is referred to as a ___________.

(A) Merit goods	(B) De-merit goods
(C) Public goods	(D) None of these

Question-7
_________ can be an important aid to decision making.

(A) Positive externalities	(B) Negative externalities
(C) Cost benefit analysis	(D) None of these

Question-8
A _____________ may be described as a good that has positive externaties associated with it.

(A) Merit goods	(B) Demerit goods
(C) Public goods	(D) None of these

Question-9
__________ will not necessarily be provided by the market.

(A) Public goods	(B) Merit goods
(C) De-merit goods	(D) None of these

Question-10
____________ will take the form of taxes or subsidies.

(A) Financial intervention	(B) Regulation
(C) Income transfers	(D) None of these

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Cambridge Advanced Grade 11

IGCSE

Practice in Related Chapters
Basic Economic Ideas
Government Intervention in the price system
The price system