Question

Because it is Select one: a. neither excludable nor rival in consumption, a tornado siren is a public good. b. excludable but not rival in consumption, a tornado siren is a club good. c. rival in consumption but not excludable, a tornado siren is a common resource. d. neither excludable nor rival in consumption, a tornado siren is a common resource.

Answer 1

Question: Select one

Because it is :

A. neither excludable nor rival in consumption, a tornado siren is a public good.

B. excludable but not rival in consumption, a tornado siren is a club good.

C. rival in consumption but not excludable, a tornado siren is a common resource.

D. neither excludable nor rival in consumption, a tornado siren is a common resource.

Answer:

The correct answer is A)

Step-by-step explanation:

In economics, a public good refers to one that is

• neither excludable nor rivalrous. That is, individuals cannot be exempted from its use.
• they can also benefit from without paying for it and
• when used by one individual, it's availability to others is not affected.

Apart from siren, other examples of pubic goods are:

1. Street lights
2. National defence system
3. Flood control system

Cheers!

Answer 2

Because it is (a.) neither excludable nor rival in consumption, a tornado siren is a public good.

Step-by-step explanation:

A tornado siren is an outdoor warning system that alert the public about an impending tornado danger, and thus expects the people to be prepared for an emergency, tune in to news for further directives or immediately seek safer shelter from impending tornado.

It does not exclude anyone for any reason and neither does it creates rivalry in consumption for the public usage. It is a straight forward alert that optimizes safety for all and sundry.