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  • Quiz Assignment - Public Goods and Externalities

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    Catherine Ordo
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    This economics quiz assignment contains two sections testing knowledge of public goods and externalities. For public goods, students must identify the two characteristics a good must have to be public, the major problem this causes, and the market outcome without intervention. For externalities, students must identify an example as either consumption or production, and list 5 negative externalities of traffic congestion. The assignment contains a total of 30 points across two sections and requires answers in PDF format.

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    This economics quiz assignment contains two sections testing knowledge of public goods and externalities. For public goods, students must identify the two characteristics a good must have to be public, the major problem this causes, and the market outcome without intervention. For externalities, students must identify an example as either consumption or production, and list 5 negative externalities of traffic congestion. The assignment contains a total of 30 points across two sections and requires answers in PDF format.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views1 page

    Quiz Assignment - Public Goods and Externalities

    Uploaded by

    Catherine Ordo
    This economics quiz assignment contains two sections testing knowledge of public goods and externalities. For public goods, students must identify the two characteristics a good must have to be public, the major problem this causes, and the market outcome without intervention. For externalities, students must identify an example as either consumption or production, and list 5 negative externalities of traffic congestion. The assignment contains a total of 30 points across two sections and requires answers in PDF format.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Economics

    Quiz Assignment
    November 8, 2021

    I. Public Goods. (15 points)


    a) Name the two characteristics a good or service must have before it can be classified as a
    public good
    b) If a good or service has these characteristics what major problem does this cause?
    c) If there is the existence of this problem what would be the outcome if left only to the
    market to provide?

    II. Externalities (15 points)


    a) Identify the place
    b) State if this is an example of consumption or production externalities
    c) List 5 negative externalities traffic congestion causes

    Note: Upload your answer in PDF format.

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