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Which of the following is an example of a pure public good? aMedical education to become a doctor bA hurricane warning siren cPaper pulp produced with pollution emissions dA ticket to the movie theater

Question

Which of the following is an example of a pure public good? aMedical education to become a doctor bA hurricane warning siren cPaper pulp produced with pollution emissions dA ticket to the movie theater

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Solution

The example of a pure public good from the options provided is b) A hurricane warning siren.

Here's why:

A pure public good has two main characteristics: non-excludability and non-rivalry.

Non-excludability means that once the good is produced, no one can be excluded from using it. Non-rivalry means that one person's use of the good does not reduce its availability to others.

a) Medical education to become a doctor is not a public good because it is excludable (not everyone can access it) and it is rivalrous (one person's use of the education reduces the availability for others).

b) A hurricane warning siren is a public good because it is non-excludable (once it's activated, everyone in the area can hear it) and non-rivalrous (one person hearing the siren doesn't prevent others from hearing it).

c) Paper pulp produced with pollution emissions is not a public good because it is excludable (not everyone can access it) and it is rivalrous (one person's use of the paper pulp reduces the availability for others).

d) A ticket to the movie theater is not a public good because it is excludable (not everyone can access it) and it is rivalrous (one person's use of the ticket reduces the availability for others).

This problem has been solved

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