What is a public good? A. A good that is excludable and rivalrous B. A good that is excludable but not rivalrous C. A good that is non-excludable and rivalrous D. A good that is non-excludable and non-rivalrous
Question
What is a public good? A. A good that is excludable and rivalrous B. A good that is excludable but not rivalrous C. A good that is non-excludable and rivalrous D. A good that is non-excludable and non-rivalrous
Solution
D. A good that is non-excludable and non-rivalrous
Similar Questions
What is a private good? A. A good that is excludable and rivalrous B. A good that is excludable but not rivalrous C. A good that is non-excludable and rivalrous D. A good that is non-excludable and non-rivalrous
Which two statements are correct concerning public and private goods?Question 6Select more than one:a.A private good is rival and excludable.b.A private good is non-rival and excludable.c.A public good is non-rival and non-excludable.d.A public good is rival and non-excludable.
What is the difference between a public good and a common resource?a. A public good is non-excludable and non-rivalrous, while a common resource is excludable and rivalrousb.A public good is excludable and non-rivalrous, while a common resource is non-excludable and rivalrousc. A public good is non-excludable and rivalrous, while a common resource is excludable and non-rivalrousd. A public good is excludable and rivalrous, while a common resource is non-excludable and non-rivalrous
An example of a quasi-public good is:Multiple Choicepublic higher education.an automobile.a DVD player.national defence.
Both public goods and common resources areGroup of answer choicesexcludable.nonrival in consumption.nonexcludable.rival in consumption.
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