Merit goods are ?

Related Mcqs:

A perfectly competitive market has ?

A. firms that set their own prices B. only one seller. C. at least a few sellers. D. many buyers and sellers....

A reduction in the costs of production will ?

A. Lead to a movement along the supply curve B. Shift the demand curve C. Shift the supply curve D. Lead to an extension of supply...

A natural monopoly has a declining _______ over a large range of output?

A. long run marginal cost B. short run marginal cost C. long run average cost D. long run marginal cost...

Except for taxes to offset ______ taxes are ______?

A. imperfect competition popular B. externalities , distortionary C. inequality , a first best option D. poor health, unnecessary...

The price mechanism does not act as a ?

A. Signal B. Incentive C. Rationing device D. Indicator of income...