Asked by Mandrell Little on Jul 28, 2024
Verified
It is difficult to exclude individuals from the use of public goods and services.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use, and use by one person does not reduce availability to others.
- Learn the significance of public goods, externalities, and how the needs of the private and public sectors diverge.
Verified Answer
ZK
Zybrea KnightAug 03, 2024
Final Answer :
True
Explanation :
Public goods and services are generally available to all members of society, and it can be challenging to prevent or exclude specific individuals or groups from using them. For example, it may be difficult to prevent someone from enjoying a public park or accessing public transportation.
Learning Objectives
- Learn the significance of public goods, externalities, and how the needs of the private and public sectors diverge.
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