Merit Goods

question 25

Multiple Choice

Merit goods

• A)are provided for those who behave themselves and play nice.
• B)should be provided even if there is no demand for them.
• C)increase in costs along with demand.
• D)do none of the above.

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Definitions:

Wealthy Nations

Countries characterized by a high level of economic production and a standard of living above the average compared to other nations.

Affiliation Needs

Human desire to belong to groups, form relationships, and be part of a community, stemming from the instinctual compulsion for social interaction.

Unsatisfying Romantic Relationship

A condition in which emotional, physical, or intimate connections within a romantic partnership do not fulfill one or both partners' expectations or needs.

Fearful of Loneliness

An intense apprehension or anxiety about being alone or isolated.