Market Failure Basics Quiz

Test

Parties jouées 1

Créer une copie

À propos de cette activité

Test your understanding of market failure concepts.

Créé par

Montex

Canada

Téléchargez la version pour jouer sur papier

Top 10 résultats

Il n'y a toujours pas de résultats pour ce jeu. Soyez le premier à apparaître dans le classement! Connectez-vous pour vous identifier.

Créez votre propre jeu gratuite à partir de notre créateur de jeu

Affrontez vos amis pour voir qui obtient le meilleur score dans ce jeu

Créer un défi

		%
	Anonyme	%
		%
		%

Imprimez votre jeu

Market Failure Basics Quiz


Market Failure Basics QuizVersion en ligne Test your understanding of market failure concepts. par Montex 1 What is market failure? a When supply exactly meets demand b A perfect market with no externalities c A government policy to fix prices d Inability of markets to allocate resources efficiently to satisfy society's wants 2 Which is a characteristic of public goods? a Rival but non-excludable b Only excludable at a price c Non-excludability and non-exhaustibility d Excludable and rival in consumption 3 Merit goods are under-consumed because of market failure. Which is an example? a Alcohol b Education c Fast food d Luxury cars 4 Externalities are spillover effects. A negative externality affects: a Directly the government b Only the seller c A third party not involved in the transaction d Only the buyer 5 Monopolies can cause market failure by: a Increasing competition b Lowering prices below MC c Providing too many goods d Raising price and reducing output 6 Public intervention to fix market failure includes: a Removing all taxes b Decreasing government spending on welfare c Leaving markets to self-correct without action d Providing public or merit goods and regulating negative externalities 7 Which describes a negative externality in production? a Harm to a third party not part of the transaction b Benefit to the buyer only c Only internal cost to producer d No social cost 8 Which policy aims to reduce negative externalities? a Subsidies for polluting activity b Price ceilings on all goods c Mandatory consumption of goods d Taxes on polluting firms 9 What happens in a market with a pure monopoly? a There is perfect efficiency b Prices and output are at optimum c Prices are higher and output is lower than competitive levels d Prices are lower, output higher 10 Why might the government provide merit goods for free or subsidised? a To reduce government debt only b To discourage production of goods c To increase consumption and correct under-provision d To limit access to essential services

Vous pouvez intégrer le jeu dans un LMS compatible avec LTI 1.1 ou LTI 1.3 comme Canvas, Moodle ou Blackboard. Les scores seront ainsi automatiquement enregistrés dans le carnet de notes de la plateforme.

Market Failure Basics Quiz

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

Top Jeux

Test

UPS 5 Seeing Habits Quiz

Test

Spanish Alphabet Listening

Test

Tissues - Practice Quiz

Test

Photosynthesis vs Cellular Respiration - Practice Quiz

Test

Practice Quiz - Punnett Square, Variation, and Mutations

Market Failure Basics QuizVersion en ligne

par Montex

What is market failure?

Which is a characteristic of public goods?

Merit goods are under-consumed because of market failure. Which is an example?

Externalities are spillover effects. A negative externality affects:

Monopolies can cause market failure by:

Public intervention to fix market failure includes:

Which describes a negative externality in production?

Which policy aims to reduce negative externalities?

What happens in a market with a pure monopoly?

Why might the government provide merit goods for free or subsidised?