Economics Goods Types Quiz Form
Economics Goods Types Quiz Form
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Which of the following is an example of a public good?
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National defense
Ice cream
Private tutoring
Restaurant meal
Which pair best represents substitutes?
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Tea and coffee
Bread and butter
Pen and paper
Shoes and socks
Which of the following is likely to be a normal good?
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Organic fruit
Public transportation
Instant noodles
Generic cereal
Select all goods that are non-rival in consumption.
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Street lighting
Public park
Bottled water
Broadcast television
Match each good to its type.
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Rows
Private Good
Public Good
Common Resource
Club Good
Fish in the ocean
1
2
3
4
Movie theater
5
6
7
8
National park (unrestricted access)
9
10
11
12
Cell phone
13
14
15
16
Briefly explain what makes a good 'inferior' in economics.
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Identify a real-world example of a complementary good pair.
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