Which of the following is the defining characteristic of an economic free good?
It is provided at zero price to consumers by the government.
Its consumption by one individual does not reduce the quantity available to others.
Its production and consumption carry zero opportunity cost as it requires no scarce resources.
It is a merit good that is fully funded through national taxation.
10 exam-style questions on OCR A Level Economics Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.