Statement I.There are several public goods that were once privately produced.
Statement II.National defense is a public good.

Name: Statement I.There are several public goods that were once privately produced. Statement II.National defense is a public good.
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Question

Quizplus · Accepted Answer

Statement I is true as many public goods such as roads and bridges were once privately produced. Statement II is also true as national defense is considered a classic example of a public good. Therefore, both statements are correct.