Merit goods are those which, when consumed, generate positive external benefits. This is likely to mean that, in a free market economy, the good will be:

Related MCQs

• Merit goods means
• If the economy is in an inflationary period, what action would Fiscal Policy most likely take?
• .If a good is a public good, then:
• A criterion by which public goods are distinguished from private goods:
• Public goods are difficult for a private market to provide due to:
• Which of the following taxes is the most likely to be regressive?
• All other things being equal, a substantial cut in the rate of income tax in the short run is most likely to reduce:
• A pure private good is subject to:
• Private goods are characterized by
• A market failure can best be defined as a situation where: