Question
What types of public goods does the government oversee? (1 point)
Responses
non-excludable and rivalrous
non-excludable and rivalrous
excludable and rivalrous
excludable and rivalrous
non-excludable and non-rivalrous
non-excludable and non-rivalrous
excludable and non-rivalrous
Responses
non-excludable and rivalrous
non-excludable and rivalrous
excludable and rivalrous
excludable and rivalrous
non-excludable and non-rivalrous
non-excludable and non-rivalrous
excludable and non-rivalrous
Answers
GPT-4o mini
The correct response is: **non-excludable and non-rivalrous**.
Public goods are typically characterized by being non-excludable (meaning they cannot be restricted to only those who pay for them) and non-rivalrous (meaning one person's consumption of the good does not reduce its availability to others). Examples include clean air, national defense, and public parks.
Public goods are typically characterized by being non-excludable (meaning they cannot be restricted to only those who pay for them) and non-rivalrous (meaning one person's consumption of the good does not reduce its availability to others). Examples include clean air, national defense, and public parks.