Public goods are land,labor,and capital resources provided by households in return for payments from the government.

Name: Public goods are land,labor,and capital resources provided by households in return for payments from the government.
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Question

Quizplus · Accepted Answer

Public goods are goods or services that are non-excludable and non-rival. Land, labor, and capital resources are factors of production and are not considered public goods. The government may provide public goods, but they are not provided by households.

Public Goods Are Land,labor,and Capital Resources Provided by Households in Return