Jamestown offers a free community bus service to anyone wishing to use it. Is this service a public good?
A) No, it is not a public good because people still need to walk to and from the bus stop.
B) No, it is not a public good because there are only a limited number of seats on each bus, which can fill up.
C) Yes, it is a public good because it is provided by taxpayer dollars.
D) Yes, it is a public good because there is no cost to ride the bus.
Correct Answer:
Verified
Q100: (Figure: Understanding Price Ceilings and Floors) In
Q101: (Figure: Understanding Price Ceilings and Floors) In
Q102: (Figure: Determining Surplus 2) In the graph,
Q103: Consumer surplus is defined as the difference
Q104: Markets operate the most efficiently when external
Q106: (Figure: Understanding Price Ceilings and Floors) In
Q107: Laws used to keep market prices from
Q108: (Figure: Determining Surplus 3) In the graph,
Q109: Market failure due to asymmetric information is
Q110: (Figure: Determining Surplus) In the graph, what
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents