| Which of the following is/are example of merit goods? |
| 1. Education |
| 2. Health Care |
| 3. Tobacco |
| Choose the correct one |
A) Only 1 and 2
B) Only 1 and 3
C) All 1, 2 and 3
D) Only 2 and 3
Correct Answer: A
Solution :
[a] Merit goods are those goods and services that the government feels that people will under-consume, and which ought to be subsidised or provided free at the point of use so that consumption does not depend primarily on the ability to pay for the good or service.
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