Which of the following could be a merit good?

Question

Quizplus · Accepted Answer

Education can be considered a merit good because it has positive externalities, such as a knowledgeable workforce and an informed citizenry, that benefit society as a whole. It may also be underprovided by the market, as individuals may not fully appreciate the long-term benefits of education and may not be able to afford it. The other options, while important public goods and services, do not necessarily have the same characteristics of positive externalities and market failure that make education a candidate for a merit good.

Which of the Following Could Be a Merit Good