____________ will take the form of taxes or subsidies.
Financial intervention
Regulation
Income transfers
None of these
_____________ is quite possible that these private and social cost are the same.
Negative externalities
Positive externalities
Public goods
Public goods must be __________.
Excludable
Non-excludable
Both 1 & 2
Full form of CBA.
Cost Benefit Analysis
Cost Bonus Activity
Cost Barter Analysis
Negative externaliity is also known as ____________.
External benefit
External cost
A ____________ is defined as a good that is better for a person than the person who may consume the good realises.
Merit goods
De-merit goods
Government policy and methods of intervention can be summerised under ____________ broad headings.
Two
Three
Four
Five
The role of the ___________ is to intervence is markets that are not seen to be allocating resources in the most efficient or the most equitable manner.
Private
Public
Government
A _____________ may be described as a good that has positive externaties associated with it.
Demerit goods
__________ will be under produced in a free market situation.
None of these.
