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Economics (AS & A Level) · Oct / Nov 2024 · Paper 11 · Question 3

9708Classification of goods and services

Which statement is not correct?

  1. AAddictive drugs are regarded as demerit goods because users are unaware of the full damage they do.
  2. BAir is regarded as a free good because its use has no opportunity cost.
  3. CNational defence is regarded as a public good because one citizen 'consuming' it reduces the amount of it available to others.
  4. DVisits to a doctor are regarded as private goods partly because they are rival.

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Correct answer: C. National defence is regarded as a public good because one citizen 'consuming' it reduces the amount of it available to others.

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