Figure 11-1
-Refer to Figure 11-1. The box labeled D represents
A)private goods.
B)club goods.
C)common resources.
D)public goods.

Question

Figure 11-1 
-Refer to Figure 11-1. The box labeled D represents
A)private goods. 
B)club goods. 
C)common resources. 
D)public goods.

Quizplus · Accepted Answer

The box labeled D has the characteristics of public goods, which are non-excludable and non-rivalrous in consumption. This means that once the good is provided, it is difficult to exclude anyone from using it and one person's use does not diminish the availability for anyone else.

Figure 11-1 -Refer to Figure 11-1. the Box Labeled D Represents