Question
What types of public goods does the government oversee?
A. Non-excludable and non-rivalrous
B. Excludable and rivalrous
C. Excludable and non-rivalrous
D. Non-excludable and rivalrous
A. Non-excludable and non-rivalrous
B. Excludable and rivalrous
C. Excludable and non-rivalrous
D. Non-excludable and rivalrous
Answers
GPT-4o mini
The correct answer is: **A. Non-excludable and non-rivalrous.**
Public goods are characterized by being non-excludable (individuals cannot be effectively excluded from use) and non-rivalrous (one person's use does not diminish the availability for others). Examples include national defense, public parks, and clean air.
Public goods are characterized by being non-excludable (individuals cannot be effectively excluded from use) and non-rivalrous (one person's use does not diminish the availability for others). Examples include national defense, public parks, and clean air.