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Which of the following is a merit good in the United States public housing chess

 Which of the following is a merit good in the United States?

a.public housing

b.chess

c.seat belts

d.defense

e.bread

52.              Merit goods are

a.goods that everyone wants

b.goods that are rewards for appropriate behavior

c.the same as public goods

d.goods that some people think we need more of

e.only produced by the government

53.              Merit goods

a.are goods that everyone wants

b.can be produced and sold on the private market

c.are only sold on private markets

d.are only produced by the government

e.are distinguished from other goods by having more merit

54.              If your state legislature passes legislation requiring motorcycle riders to wear helmets,
                            then helmets are

a.merit goods

b.goods that everyone wants

c.public goods

d.nonrival goods

e.nonexclusive goods

55.              If a water-slide park opens to the public in your neighborhood and an admission fee is
                            charged, then the park is a

a.public good

b.private good

c.good that everyone wants

d.nonrival good

e.nonexclusive good

56.              Merit goods

a.are free goods

b.are provided only by the private market

c.are provided only by government

d.are provided both by the private market and by government

e.have zero costs although their price is greater than zero

57.              Texas requires drivers to carry automobile collision insurance. Texas views this type of
                            insurance as a

a.merit good

b.public good

c.nonrival good

d.nonexcludable good

e.voluntary good

58.              A concert by Toni Braxton is

a.rival and exclusive, and therefore is a public good

b.rival and exclusive, and therefore is a private good

c.exclusive, but since it is nonrival, it is a public good

d.nonrival and nonexclusive, and therefore is a public good

e.nonrival and nonexclusive, and therefore is a private good

59.              A street light is

a.rival and exclusive, and therefore is a public good

b.nonrival, but since it is exclusive, it is a private good

c.exclusive, but since it is nonrival, it is a public good

d.nonrival and nonexclusive, and therefore is a public good

e.nonrival and nonexclusive, and therefore is a private good

60.              A sewer system is

a.rival and exclusive, and therefore is a public good

b.nonrival and nonexclusive, and therefore is a public good

c.exclusive, but since it is nonrival, it is a public good

d.nonrival, but since it is exclusive, it is a private good

e.nonrival and nonexclusive, and therefore is a private good

Feb 11 2020 View more View Less

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