Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. I and III
D. All of the above
Answer:B
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. I and III D. All of the above
Explanation: Merit and Demerit goods involve making a value judgement that something is good or bad for you. Examples of Demerit goods are smoking, drinking, takings drugs etc.