Many goods provided by the government, such as education, are _____ and are accordingly nonexcludable and nonrival in consumption.

Question

Quizplus · Accepted Answer

Public goods are nonexcludable and nonrival in consumption, which means that individuals cannot be excluded from their use, and one person's consumption does not diminish the availability of the good for others. This description fits goods provided by the government, such as education, which is available to all citizens and does not diminish in availability as more people consume it.

Many Goods Provided by the Government, Such as Education, Are