What types of public goods does the government oversee?

Question

a. non-excludable and non-rivalrous
b. non-excludable and rivalrous
c. excludable and rivalrous
d. excludable and non-rivalrous

Answer 1

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.