Merit goods - short answer
Letīs Do Some Economics
Classify the following goods as either public (P), merit (M) or demerit goods.
Good | Public (P), merit (M) or demerit (D)? |
---|---|
Health care (free) | |
Museums | |
Birth control | |
Radio transmissions | |
Marijuana | |
Sea defences | |
Seat belts | |
Public parks | |
Nursery education (pre-school) | |
Theatres | |
Lighthouses | |
Motorways | |
Cocaine | |
Vaccinations | |
Milk | |
Cigarettes | |
Alcohol |