Asked by Lasha Petree on Jun 26, 2024
Verified
Which example is considered a nonexcludable good?
A) health care
B) national defense
C) education
D) ice cream
Nonexcludable Good
A type of good for which it is difficult or impossible to exclude individuals from using, typically leading to free-rider problems.
National Defense
National defense encompasses the measures and strategies implemented by a country to protect its sovereignty, territory, and populations from external threats or military aggression.
- Identify the difference between excludable goods and non-excludable goods.
Verified Answer
VL
Vanessa LaheeJul 02, 2024
Final Answer :
B
Explanation :
National defense is a nonexcludable good because it is difficult to exclude individuals from benefiting from it. Once provided, it benefits everyone regardless of whether they paid for it or not.
Learning Objectives
- Identify the difference between excludable goods and non-excludable goods.