Asked by
Gurveenpreet Sandhu
on Nov 25, 2024
Verified
A public good
A) generally results in substantial negative externalities.
B) can never be provided by a nongovernmental organization.
C) costs essentially nothing to produce and is thus provided by the government at a zero price.
D) can't be provided to one person without making it available to others as well.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce availability to others.
Nongovernmental Organization
A nonprofit, voluntary citizens' group which is organized on a local, national or international level to perform a variety of service and humanitarian functions.
- Acquire knowledge on the definition, examples, and features of public goods.
- Gain insight into the notions of nonrivalry and nonexcludability within the sphere of public goods.
Verified Answer
NW
Learning Objectives
- Acquire knowledge on the definition, examples, and features of public goods.
- Gain insight into the notions of nonrivalry and nonexcludability within the sphere of public goods.