Question
What types of public goods does the government oversee?
a. non-excludable and non-rivalrous
b. non-excludable and rivalrous
c. excludable and rivalrous
d. excludable and non-rivalrous
a. non-excludable and non-rivalrous
b. non-excludable and rivalrous
c. excludable and rivalrous
d. excludable and non-rivalrous
Answers
GPT-4o mini
The correct answer is:
**a. non-excludable and non-rivalrous**
Public goods are characterized as non-excludable (meaning that individuals cannot be effectively excluded from using them) and non-rivalrous (meaning that one person's use does not reduce the amount available for others). Examples include clean air, public parks, and national defense.
**a. non-excludable and non-rivalrous**
Public goods are characterized as non-excludable (meaning that individuals cannot be effectively excluded from using them) and non-rivalrous (meaning that one person's use does not reduce the amount available for others). Examples include clean air, public parks, and national defense.