Public Goods Quiz
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following best describes public goods?

  • Goods that are only available to a select group of people
  • Goods that are privately owned and controlled
  • Goods that are available to everyone regardless of payment (correct)
  • Goods that are produced and distributed by the government

    • Which of the following is an example of a public good?

  • A subscription-based streaming service
  • A toll bridge
  • A private beach resort
  • A public park (correct)

    • Why is it difficult to provide public goods through the market mechanism?

  • Because public goods are non-excludable and non-rivalrous (correct)
  • Because public goods are not profitable
  • Because private companies have a monopoly on providing public goods
  • Because public goods are not in high demand

    • More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser