A public good is one for which :     A. It is difficult to exclude people from using the good     B. Consumption is nonrivalrous   C. There is substantial political support for government provision of the good     D. All of the above are correct     E. Answers (A) and (B) are correct

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter5: Difficult Cases For The Market And The Role Of Government
Section: Chapter Questions
Problem 11CQ
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QUESTION 47

  1. A public good is one for which :

     

      A.

    It is difficult to exclude people from using the good

     

      B.

    Consumption is nonrivalrous

      C.

    There is substantial political support for government provision of the good

     

      D.

    All of the above are correct

     

      E.

    Answers (A) and (B) are correct

     

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