Asked by Ja'Lisa Hicks on Jul 28, 2024
Verified
Which of the following contains most of the characteristics of a public good?
A) education
B) trash collection
C) a public library
D) national defense
Public Good
A good or service offered to every member of a society for free, provided by either the government or a private entity or group, without seeking profit.
National Defense
Governmental and military measures designed to protect a country from external aggression and threats.
- Determine the features of public goods along with the issues related to their distribution.
Verified Answer
PK
Pouya KouzehkananiJul 29, 2024
Final Answer :
D
Explanation :
National defense is a classic example of a public good because it is non-excludable (everyone benefits from it regardless of whether they pay for it) and non-rivalrous (one person's consumption of national defense does not reduce the amount available for others).
Learning Objectives
- Determine the features of public goods along with the issues related to their distribution.