Economics (AS & A Level) · Feb / March 2024 · Paper 12 · Question 13
9708Classification of goods and services
What explains the underconsumption of merit goods?
- ATheir value is not fully understood by consumers.
- BThey are unproductive goods and services.
- CThey can only be provided by the government.
- DThey are only provided by private sector businesses.
As printed in the paper
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Correct answer: A. Their value is not fully understood by consumers.
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