A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2019 · Q21 Mark

'An increase in consumption by one person leaves the benefits available to others undiminished'. Which good does this statement define?

Ademerit good

Bmerit good

Cprivate good

Dpublic good

✓ Correct answer

D: public good

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.

About this question

Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2019 Paper 1 Variant 2, question 2.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

The price system and the microeconomyFeb/Mar 20171m

Which is an internal economy of scale?

The price system and the microeconomyFeb/Mar 20171m

When a firm doubles its variable inputs, its fixed inputs are unchanged and output less than doubles. What does this …

The price system and the microeconomyFeb/Mar 20171m

Which practices would be classified as price discrimination?

International economic issuesFeb/Mar 20161m

In each country, P and Q, one person can either produce the quantity of X or the quantity of Y shown. In which case d…

Government macroeconomic interventionFeb/Mar 20161m

What would be increased by an expansionary fiscal policy?

Government macroeconomic interventionFeb/Mar 20161m

Possible policies a government might use to reduce a deficit on the current account of the balance of payments includ…

← Browse all past-paper questions