Economics Multiple Choice Question – 3 November 2017

Which one of the following is a distinctive feature of a pure public good?

Select ONE answer:

1. It is free to consumers
2. It is produced by the state
3. It is produced at zero cost
4. Greater consumption by one person implies less by another
5. Nobody can be excluded from consuming it

Give 3 examples of a pure public good and explain your reasonings?

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This is multiple choice question is suitable for Economics KS5 classes.

The answer is 5 – Some MCQs involve knowing the definition of an important economic term. Here it’s the term ‘public good’. 2 is a believable answer in that the state provides goods for members of the public, but you have to know that this is not the meaning of the term. 3 has to be wrong, as the production of any good involves the use of scarce resources and cannot, therefore, be produced at zero cost. 4 is also plausible and wrong, as it is the exact opposite of a public good but It is true of a private good (if you consume an apple then I cannot consume it). Now consider 5 – This is one of the key features of a public good i.e. if street lighting is provided, for example, one cannot prevent people from consuming it.

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