With the aid of examples, explain the characteristics of public goods and free goods and consider whether free-of-charge vaccinations offered by a government should be classified as a free good.

Economics
IGCSE&ALevel
CAIE
Exam No:9708_w24_qp_23 Year:2024 Question No:2(a)

Answer:





Knowledge points:

1.6.1 nature and definition of free goods and private goods (economic goods)
1.6.2 nature and definition of public goods

Solution:

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