Asked by Yassen Kafagi on Jun 22, 2024
Verified
Which example is considered a public good?
A) school attendance
B) national defense
C) cigarettes
D) a flu shot
Public Good
Goods or services that are available for all to consume, regardless of who pays for them, characterized by their non-excludability and non-rivalry in consumption.
National Defense
Public goods provided by the government to protect its citizens and territory from external threats.
School Attendance
The act of being present at school and participating in educational activities, often tracked as an indicator of student engagement and educational access.
- Detect examples of communal goods and collective resources.
Verified Answer
SS
Sandy ShererJun 28, 2024
Final Answer :
B
Explanation :
Public goods are non-excludable and non-rivalrous. National defense is non-excludable because everyone benefits from it regardless of whether they paid for it or not, and it is non-rivalrous because the consumption of one person does not diminish the consumption of another. School attendance is not a public good because it is excludable (only those who pay tuition or meet certain requirements can attend) and rivalrous (one student's attendance can prevent another student from attending). Cigarettes are a private good because they are excludable and rivalrous, and a flu shot is a quasi-public good because it is excludable but non-rivalrous (one person's vaccination does not diminish the effectiveness of another person's vaccination).
Learning Objectives
- Detect examples of communal goods and collective resources.