Asked by
Estefani Garcia
on Nov 25, 2024Verified
Which of the following is an example of a public good?
A) a weather warning system
B) a television
C) a sofa
D) a bottle of soda
Public Good
A product or service that is made available to all members of a society, typically funded by the public sector, and is characterized by its non-excludability and non-rivalry.
Weather Warning System
A technology or protocol designed to alert the public of impending severe weather conditions.
- Understand the definition, examples, and characteristics of public goods.
Verified Answer
XG
Learning Objectives
- Understand the definition, examples, and characteristics of public goods.