Asked by Jalen Taylor on May 01, 2024
Verified
Every good that the government provides is an example of a public good.
Public Good
Goods that once provided to one consumer, can be accessed by others without additional costs, benefiting the entire community.
- Acquire knowledge on the features and variances of public versus private goods.
Verified Answer
KR
Kevin RobertsMay 06, 2024
Final Answer :
False
Explanation :
Not every good provided by the government is a public good. A public good is defined by its non-excludability and non-rivalrous consumption, whereas many goods provided by the government do not meet these criteria and can be exclusive or rivalrous.
Learning Objectives
- Acquire knowledge on the features and variances of public versus private goods.
Related questions
Once a ________ Good Is Produced, Everyone Consumes the Same ...
One of the Most Important Characteristics of Information Is That ...
________ Goods Are Rival in Consumption and Their Benefits Are ...
If One Person's Enjoyment of the Benefits of a Good ...
Public Goods Are Nonrival in ________ and Their ________ Are ...