Uncongested, nontoll roads are a good example of a:
A) public good.
B) common resource.
C) private good.
D) natural monopoly.

Question

Quizplus · Accepted Answer

Uncongested, nontoll roads are a classic example of a public good because they have two key characteristics: nonexclusivity and nonrivalry. Nonexclusivity means that it is impossible to exclude people from using the resource, and nonrivalry means that one person's use of the resource does not diminish another person's use. Additionally, there is no practical way to charge people for the use of uncongested, nontoll roads without causing traffic jams or other types of congestion, which would render the roads useless. Therefore, uncongested, nontoll roads are a public good that must be provided by the government rather than the private sector.

Uncongested, Nontoll Roads Are a Good Example of A