Question 8
Question 8 of 30
Question image for Q8
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
1. The basic economic pro...
1.1. The nature of the economic pro...

The difference between economic goods and free goods.

2. The allocation of reso...
2.10. Market failure

With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility.