Which of the following would be considered a public good
A)lobsters
B)congested roads
C)national defence
D)open grazing land

Question

Quizplus · Accepted Answer

National defence is a classic example of a public good as it is non-excludable and non-rivalrous, which implies that it is available to everyone and its consumption by one person does not reduce its availability for others.

The other options, such as lobsters, congested roads, and open grazing land, are not public goods as they are excludable, rivalrous, or both. For instance, lobsters can be bought and sold, which makes them excludable, and their consumption by one person restricts their availability for others, making them rivalrous. Similarly, congested roads and open grazing land are rivalrous as their consumption by one person reduces their availability for others.

Which of the Following Would Be Considered a Public Good