A tornado warning siren is an example of a:
A) private good.
B) public good.
C) common resource.
D) rival public good.

Question

Quizplus · Accepted Answer

A tornado warning siren is a public good because it is non-excludable and non-rivalrous. It can be used by anyone and one person's use of it does not diminish its availability to others. Additionally, it is typically provided by the government and paid for by tax dollars, meaning it is not a private good which is typically purchased by individuals.

A Tornado Warning Siren Is an Example of A