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1.3.3 Public goods

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Question 2

A coastal authority is funding the construction of a new sea defence barrier to protect a low-lying town from rising sea levels. The authority also operates a nearby toll-access pleasure pier, while local merchants sell individual sandbags to homeowners to protect their own properties.

Which of the following correctly classifies these three goods?

A

Sea Defence: Public good; Toll-Access Pier: Club good; Individual Sandbags: Private good

B

Sea Defence: Public good; Toll-Access Pier: Public good; Individual Sandbags: Club good

C

Sea Defence: Private good; Toll-Access Pier: Club good; Individual Sandbags: Public good

D

Sea Defence: Club good; Toll-Access Pier: Private good; Individual Sandbags: Private good

Markscheme

1.3.3 Public goods Questions

  1. A Level
  2. /Economics
  3. /1.3.3 Public goods

24 exam-style questions on Edexcel A A Level Economics 1.3.3 Public goods. Each one has a worked solution and a mark scheme showing where the marks go.

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