Asked by
Pradeep Thirukumaran
on Oct 26, 2024Verified
Volunteer fire departments are good examples of the _____ provision of _____.
A) private;private goods
B) public;common resources
C) private;public goods
D) public;artificially scarce goods
Volunteer Fire Departments
Firefighting organizations primarily made up of volunteers who provide emergency firefighting and rescue services to their communities.
Provision
The act of supplying or making available goods or services in the market.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to consume without reducing the amount available for others.
- Recognize instances of public commodities and shared assets.
- Comprehend the function of the government in delivering public goods and tackling issues related to externalities.
Verified Answer
HS
Learning Objectives
- Recognize instances of public commodities and shared assets.
- Comprehend the function of the government in delivering public goods and tackling issues related to externalities.