National defense and knowledge are generally considered to be
A)private goods.
B)public goods.
C)proprietary goods.
D)societal goods.

Question

Quizplus · Accepted Answer

National defense and knowledge both have characteristics of public goods. National defense provides protection for everyone in the society, without excluding anyone. Similarly, knowledge is non-excludable, as one person's use of knowledge does not diminish its availability for others. Due to these characteristics, national defense and knowledge are often provided and financed by the government, making them public goods.

National Defense and Knowledge Are Generally Considered to Be