Traffic lights would be considered:
A)a common resource.
B)a private good.
C)a public good.
D)an artificially scarce good.

Name: Traffic lights would be considered: A)a common resource. B)a private good. C)a public good. D)an artificially scarce good.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Traffic lights are considered a public good because they are non-excludable (everyone can use them regardless of whether they pay for them) and non-rivalrous (one person's use of a traffic light does not diminish the ability of others to use it).

Traffic Lights Would Be Considered