6 of 316 of 31 Items
Question
What types of public goods does the government oversee? (1 point)
Responses
non-excludable and rivalrous
non-excludable and rivalrous
excludable and non-rivalrous
excludable and non-rivalrous
non-excludable and non-rivalrous
non-excludable and non-rivalrous
excludable and rivalrous
1 answer
The correct response is:
non-excludable and non-rivalrous
Public goods are typically characterized by these two features: they are non-excludable (meaning individuals cannot be effectively excluded from using them) and non-rivalrous (meaning one person's use does not diminish the availability for others). Examples include national defense and public parks.
8 answers
1 answer
1 answer
3 answers