AP®︎ Microeconomics: Topic 6.3 Practice Test
Prepare for your quiz, test, or the AP exam with focused practice questions on Topic 6.3 of AP Microeconomics – Public and Private Goods.
Questions List
Topic 6.3
Question 1 Easy
This question tests the following: POL-3.C.2
What type of goods are provided by the government because the free market fails to produce them?
What You’re Being Tested On:
Explore the learning objectives taken directly from the College Board’s AP® Microeconomics Curriculum. Ensure you’re prepared for the exact topics covered on the AP® exam, in-class tests, and quizzes, and gain confidence in your mastery of the material.
Topic 6.3: Public and Private Goods
Learning Objective: POL-3.C
a. Define whether goods are rival and/or excludable. b. Explain how the nature of rival and/or excludable goods influences the behavior of individuals and groups.
Essential Knowledge: POL-3.C.1
Private goods are rival and excludable, and public goods are non-rival and non-excludable.
Essential Knowledge: POL-3.C.2
Due to the free rider problem, private individuals usually lack the incentive to produce public goods, leaving government as the only producer.
Essential Knowledge: POL-3.C.3
Governments sometimes choose to produce private goods, such as educational services, and to allow free access to them.
Essential Knowledge: POL-3.C.4
Some natural resources are, by their nature, non-excludable and rival and therefore open access. Private individuals inefficiently overconsume such resources.
