Public goods are those that are consumed:
A)only by those who have paid for them.
B)only by the government that provides them.
C)by the private group that funds them.
D)by the paying and nonpaying public alike.

Question

Public goods are those that are consumed:
A)​only by those who have paid for them.
B)​only by the government that provides them.
C)​by the private group that funds them.
D)​by the paying and nonpaying public alike.

Quizplus · Accepted Answer

Public goods are those that are non-excludable and non-rivalrous in consumption, meaning it is impossible to exclude anyone from using them and use by one individual does not diminish their availability for others. Therefore, public goods are consumed by both paying and nonpaying individuals alike.

Public Goods Are Those That Are Consumed