Which of the following is an example of a public good?
A) electricity generated by a city-owned public utility
B) a city-owned bus
C) national defence
D) telephone service

Question

Quizplus · Accepted Answer

A public good is a good that is non-excludable and non-rivalrous. National defence is an example of a public good because it is available to all citizens and cannot be consumed by one person without also being available to others. The other options listed have elements of excludability or rivalry, such as the need to pay for electricity, the limited capacity of a bus, or the need to have access to a telephone line in order to use the service.

Which of the Following Is an Example of a Public