A good or service that can be consumed by a person even if he or she didn't pay for it is called ________ good.
A) an inferior
B) a normal
C) a public
D) a private
E) an external

Question

Quizplus · Accepted Answer

A public good is a good that is non-excludable, meaning that individuals cannot be prevented from using it, and non-rivalrous, meaning that consumption by one individual does not diminish the availability of the good for consumption by others. Public goods are funded by taxes and are available for anyone to use, regardless of whether they personally contributed to their funding.

A Good or Service That Can Be Consumed by a Person