Unit 2: Microeconomics
Topic 2.9: Market Failure — Public Goods Questions
Practice 20 exam-style questions for IB Economics Topic 2.9. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
14 marks
Define the two characteristics of a public good and give an example.
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Define the two characteristics of a public good and give an example.
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Which of the following is the best example of a pure public good?
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Which of the following is the best example of a pure public good?
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The government provides public goods primarily because:
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Which of the following is an example of a quasi-public good?
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Governments can convert a quasi-public good into a more excludable one by:
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Explain the difference between a pure public good and a quasi-public good, using one example of each.
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Explain two methods by which the government can provide public goods.
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Explain why some goods are described as quasi-public and give two examples.
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The government provides public goods primarily because:
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The free-rider problem associated with public goods means that:
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Public goods lead to market failure because:
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Explain the free-rider problem and why it leads to market failure in the provision of public goods.
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Distinguish between public goods and private goods using the concepts of rivalry and excludability.
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Explain why private firms are unlikely to provide public goods efficiently.
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Public goods lead to market failure because:
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