Public goods are
A) any goods or services produced by the government.
B) provided to additional users at no additional cost.
C) provided only by the capitalistic system.
D) provided only by the communist system.

Question

Quizplus · Accepted Answer

Public goods are goods or services that are non-excludable, meaning that it is not possible to exclude anyone from benefiting from them, and non-rivalrous, meaning that one person's use of them does not diminish their availability to others. Therefore, public goods can be provided to additional users at no additional cost. It is not determined by whether they are produced by the government or by capitalist/communist systems.

Public Goods Are