Asked by Duncan Jackman on Apr 29, 2024
Verified
The BEST example of a public good is:
A) legal services.
B) national defense.
C) a municipal library.
D) cable television programming.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people without diminishing its availability to others.
National Defense
The protection and defense of a country against foreign threats and aggression, typically through military means.
- Identify instances of public goods and comprehend the reasons behind their classification as such.
Verified Answer
JH
Jerri HirstApr 30, 2024
Final Answer :
B
Explanation :
National defense is the best example of a public good because it is non-excludable (everyone benefits from it regardless of whether they pay for it or not) and non-rivalrous (one person's consumption of national defense does not reduce the amount available to others). Legal services, a municipal library, and cable television programming are not examples of public goods as they are either excludable or rivalrous or both.
Learning Objectives
- Identify instances of public goods and comprehend the reasons behind their classification as such.