186k views
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 Hoodsy
by
7.6k points

1 Answer

4 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 Benderto
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.