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Questions and Answers
Which of the following best describes public goods?
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?
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?
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
