Many individuals refer to education as a public good. How is education NOT a public good?
A) Its acquisition is rival.
B) Its acquisition is excludable.
C) Its acquisition is both rival and excludable.
D) Its acquisition is usually rival and rarely excludable.

Question

Quizplus · Accepted Answer

Education is both rival and excludable. This means that it is possible to prevent some individuals from accessing education and that the acquisition of education by one person reduces the availability of education for others. For example, if a university has a limited number of spots in a program, accepting one student means not accepting another. This makes education a private good rather than a public good, as public goods are non-excludable and non-rivalrous.

Many Individuals Refer to Education as a Public Good