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1 vote
1 vote
Which of the following choices is an example of a public good?

a car purchased at a local dealership

a private backyard

City streets

None of these are correct.

User Mikael Gueck
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1 Answer

20 votes
20 votes

Answer:

None of these as prisoners are banned from city streets in some circumstances/during investigations you cannot access such streets, etc.

The reasoning behind this:

In economics, a public good is a good that is both non-excludable and non-rivalrous. For such utilities, users cannot be barred from accessing and/or using them for failing to pay for them. Also, use by one person neither prevents access of other people nor does it reduce availability to others.

*there are mixed opinions on this by the way, so if it gets marked wrong you can argue!!

User Kobold
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3.3k points