Water flowing in a river is a _____ good,but a single serving bottle of water is a ______ good.

Question

Quizplus · Accepted Answer

Water flowing in a river is a public good because it is non-excludable and non-rivalrous, meaning that it is available to everyone and its consumption by one individual does not diminish its availability for others. On the other hand, a single serving bottle of water is a private good because it is excludable and rivalrous, meaning that only the person who has purchased it can consume it, and its consumption by one individual reduces its availability for others. Therefore, the best choice is B, as it correctly identifies the different types of goods.

Water Flowing in a River Is a _____ Good,but a Single