A merit good is a good which in a paternalistic sense the government believe we should consume. Alternatively, merit goods are goods where need exceeds demand. Most merit goods confer positive externalities on society and therefore would be under consumed if left to the free market. Examples of merit goods include health and education.
marlinbito answered the question on July 6, 2018 at 10:04
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Critically examine the view that the government should not intervene in labour markets.
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Critically examine the view that the government should not intervene in labour markets.
Date posted:
July 6, 2018
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Analyse how labour markets might be affected by a decrease in the supply of migrant workers.
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Analyse how labour markets might be affected by a decrease in the supply of migrant workers.
Date posted:
July 6, 2018
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Evaluate the view that trade liberalisation alone is insufficient to ensure development of poorer countries.
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Evaluate the view that trade liberalisation alone is insufficient to ensure development of poorer countries.
Date posted:
July 6, 2018
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Explain the roles of the International Monetary Fund and the World Bank.
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Explain the roles of the International Monetary Fund and the World Bank.
Date posted:
July 6, 2018
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Critically examine the desirability of the world’s major economies introducing a system of fixed exchange rates.
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Critically examine the desirability of the world’s major economies introducing a system of fixed exchange rates.
Date posted:
July 6, 2018
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Explain the main reasons why nations engage in international trade
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Explain the main reasons why nations engage in international trade
Date posted:
July 6, 2018
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Explain the shape of a firm’s short-run average and marginal cost curves.
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Explain the shape of a firm’s short-run average and marginal cost curves.
Date posted:
July 6, 2018
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Critically examine some of the ways in which government can encourage businesses to be more environmentally friendly
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Critically examine some of the ways in which government can encourage businesses to be more environmentally friendly
Date posted:
July 6, 2018
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Explain why long-distance transport of fresh food may be an example of market failure.
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Explain why long-distance transport of fresh food may be an example of market failure.
Date posted:
July 6, 2018
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Answers (1)
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Explain how an economist could assess the efficiency of a market.
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Explain how an economist could assess the efficiency of a market.
Date posted:
July 5, 2018
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Evaluate the desirability of a total ban on price discrimination.
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Evaluate the desirability of a total ban on price discrimination.
Date posted:
July 5, 2018
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Explain why firms engage in price discrimination.
(Solved)
Explain why firms engage in price discrimination.
Date posted:
July 5, 2018
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Explain why the cost of supplying a litre of tap water is likely to be lower than the cost of supplying a litre of bottled...
(Solved)
Explain why the cost of supplying a litre of tap water is likely to be lower than the cost of supplying a litre of bottled water
Date posted:
July 5, 2018
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Answers (1)
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Critically examine the impact of increasing competition in the markets for electricity and gas.
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Critically examine the impact of increasing competition in the markets for electricity and gas.
Date posted:
July 5, 2018
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Explain the difference between natural and artificial barriers to entry.
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Explain the difference between natural and artificial barriers to entry.
Date posted:
July 5, 2018
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Explain the difference between unemployment and economic inactivity.
(Solved)
Explain the difference between unemployment and economic inactivity.
Date posted:
July 5, 2018
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Evaluate the view that GDP statistics should not be used as an indicator of economic welfare
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Evaluate the view that GDP statistics should not be used as an indicator of economic welfare
Date posted:
July 5, 2018
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Explain the main factors which determine an economy’s rate of economic growth
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Explain the main factors which determine an economy’s rate of economic growth
Date posted:
July 5, 2018
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Critically examine the view that fiscal policy is the most effective means of controlling aggregate demand.
(Solved)
Critically examine the view that fiscal policy is the most effective means of controlling aggregate demand.
Date posted:
July 5, 2018
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Explain what is meant by price elasticity of supply
(Solved)
Explain what is meant by price elasticity of supply
Date posted:
July 5, 2018
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Answers (1)