Public goods - short answer
Question 1
Explain, with the aid of examples, the main characteristics of public goods.
Question 2
To what extent is it desirable that the government should provide public goods?
Question 3
Identify goods that are non-pure public goods, and explain in each case why some excludability and diminishability are possible.
Question 4
Why are health and education not pure public goods?
Question 5
Classify the following goods as either public (P), merit (M) or demerit goods.
Good | Public (P), merit (M) or demerit (D)? |
---|---|
Dentistry | |
Museums | |
Birth control | |
Radio transmissions | |
Marijuana | |
Sea defences | |
Seat belts | |
Public parks | |
Nursery education (pre-school) | |
Loft insulation | |
Theatres | |
Lighthouses | |
Motorways | |
Cocaine | |
Vaccinations | |
Milk | |
Cigarettes | |
Alcohol |