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MMLU-Pro / 6946 / Distinguish economic goods from free goods, and give an example of each.

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Distinguish economic goods from free goods, and give an example of each.

category

economics

options

  1. Economic goods require large amounts of resources to produce, such as diamonds, while free goods are created with minimal resources, like sunlight.
  2. Economic goods are non-renewable resources, like coal. Free goods regenerate naturally and have no cost, like wind energy.
  3. Economic goods are plentiful and satisfy all wants, like air. Free goods are scarce and command a positive price, like oil.
  4. Economic goods and free goods are the same, both are available in sufficient quantity to satisfy all wants.
  5. Economic goods are produced by the government and are free of charge, like public education. Free goods are produced by private companies and have high prices, like smartphones.
  6. Economic goods are those that cannot be consumed by multiple people at once, like a sandwich. Free goods can be shared by many simultaneously, like a public park.
  7. Economic goods are free, like air. Free goods are costly and scarce, like oil.
  8. Economic goods are scarce and command a positive price, like oil. Free goods are plentiful and satisfy all wants, like air.
  9. Economic goods are services that come at a cost, like legal advice. Free goods are natural phenomena that are not owned, like moonlight.
  10. Economic goods are items with no intrinsic value, like currency. Free goods are essential for survival and cannot be owned, like oxygen.

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
6946
task_id
b7203cc1-27a6-5088-8e8e-6d60f2f44416
task_key
default--test--6946
task_revision_id
1
config / split
default / test

Official source

initial import