Figure 11-1

-Refer to Figure 11-1.Which of the following items is not a clear-cut example of the type of good represented by Box A?
A) a pair of pants
B) a lighthouse
C) a bicycle
D) a cattle ranch

Question

Figure 11-1
 
-Refer to Figure 11-1.Which of the following items is not a clear-cut example of the type of good represented by Box A?
A) a pair of pants 
B) a lighthouse 
C) a bicycle 
D) a cattle ranch

Quizplus · Accepted Answer

A lighthouse is a public good, which cannot be easily excluded and is non-rivalrous, unlike the other items shown in Box A which are private goods.

Figure 11-1 -Refer to Figure 11-1.Which of the Following Items Is Not