question archive 1)What is considered to be public goods? a) Rival and excludable b) Non-rival and non-excludable c) Rival and non-excludable d) Non-rival and excludable
1)What is considered to be public goods? a) Rival and excludable b) Non-rival and non-excludable c) Rival and non-excludable d) Non-rival and excludable
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1)What is considered to be public goods?
a) Rival and excludable
b) Non-rival and non-excludable
c) Rival and non-excludable
d) Non-rival and excludable
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What is considered to be public goods?b) Non-rival and non-excludable
Public goods are provided by the government. The characteristics of public goods are that they are non-rival and non-excludable. Non-rival means that one person consuming a public good does not mean that another person cannot also consume it. Non-excludable means that no one can be prevented from consuming the good. Public parks and highways are examples of public goods.
