Which of the following is an example of a public good?
A)A prescription drug.
B)Postsecondary education.
C)A lighthouse.
D)An orange orchard alongside a honey farm.

Question

Quizplus · Accepted Answer

A public good is defined as a good that is non-excludable, meaning that it is available to everyone, and non-rivalrous, meaning that consumption by one person does not reduce its availability to others. A lighthouse is a classic example of a public good, as it is available to all ships in the area and its use by one ship does not decrease its usefulness to others. The other choices are not public goods, as they are either excludable (prescription drug), rivalrous (orange orchard/honey farm), or both (postsecondary education).

Which of the Following Is an Example of a Public