Question
What types of public goods does the government oversee? (1 point)
Responses
non-excludable and rivalrous
non-excludable and rivalrous
non-excludable and non-rivalrous
non-excludable and non-rivalrous
excludable and rivalrous
excludable and rivalrous
excludable and non-rivalrous
Responses
non-excludable and rivalrous
non-excludable and rivalrous
non-excludable and non-rivalrous
non-excludable and non-rivalrous
excludable and rivalrous
excludable and rivalrous
excludable and non-rivalrous
Answers
GPT-4o mini
The correct response is:
**non-excludable and non-rivalrous**
Public goods are typically characterized as non-excludable (meaning that individuals cannot be effectively excluded from using them) and non-rivalrous (meaning that one individual's use does not reduce availability for others). Examples include clean air, public parks, and national defense.
**non-excludable and non-rivalrous**
Public goods are typically characterized as non-excludable (meaning that individuals cannot be effectively excluded from using them) and non-rivalrous (meaning that one individual's use does not reduce availability for others). Examples include clean air, public parks, and national defense.