_________ can be an important aid to decision making.
Positive externalities
Negative externalities
Cost benefit analysis
None of these
___________ must be non-rival.
Merit goods
De-merit goods
Public goods
_________ are those products that are worse for the individual consumers than the individual realises.
__________ will not necessarily be provided by the market.
__________ will be under produced in a free market situation.
None of these.
A ____________ is defined as a good that is better for a person than the person who may consume the good realises.
A __________ such as defence need to be financed by the government but they do not necessarily need to be produced by the government.
An __________ is said to arise if a third party is effected by the decisions and actions of others.
Externalities
Full form of CBA.
Cost Benefit Analysis
Cost Bonus Activity
Cost Barter Analysis
A different type of good from a merit or de-merit that may cause the market to fail is referred to as a ___________.
