Which of the following is a public good?
A) carrots
B) education at Harvard
C) clean air
D) water

Question

Quizplus · Accepted Answer

Public goods are non-excludable and non-rivalrous in nature. Clean air is a public good because it is available to everyone and use of clean air by one person does not diminish the quality or quantity of clean air available to others. On the other hand, carrots, education at Harvard, and water are not public goods as they are excludable and/or rivalrous in nature.

Which of the Following Is a Public Good