Public Good & Private Goods | Solved MCQs | Economics NCERT @Simple Classes

#UPSC #ECONOMICS #UPSC2021 #SUBSCRIBE Solved MCQs on NCERT economy concept i.e. public goods and private goods. Examples of public goods include law enforcement, national defense etc. On the other hand, car, food and movie tickets are some examples of private…

Public Good & Private Goods | Solved MCQs | Economics NCERT @Simple Classes

Source

0
(0)

#UPSC #ECONOMICS #UPSC2021 #SUBSCRIBE
Solved MCQs on NCERT economy concept i.e. public goods and private goods.
Examples of public goods include law enforcement, national defense etc. On the other hand, car, food and movie tickets are some examples of private goods.
Q. Consider the following statements regarding Public Goods.

Public goods are collectively consumed.

Consumption of Public Goods is non rivalrous.

Public goods are excludable in nature.

Which of the following option is correct:
3 only
1 and 2
2 and 3
All of the above

————————————————————
Q. Consider the following statements regarding Private Goods.

Free rider problem is generally observed in Private goods.

Consumption of Private Goods is non rivalrous.

Private goods are excludable in nature.

Which of the following option is correct:
2 only
1 and 2
2 and 3
3 only

0 / 5. 0