In the United States, Which of the Following Is an Example

question 143

Multiple Choice

In the United States, which of the following is an example of a government-sponsored good?

• A)wireless networks
• B)concerts
• C)cigarettes
• D)marijuana

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Definitions:

Excludable

A characteristic of a good or service that allows owners or producers to prevent others from using it without paying for it.

Rival

An entity engaged in competition for the same objective or for superiority in the same field.

Public Good

Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

Nonexcludable

Nonexcludable goods are those that cannot feasibly or reasonably be kept from individuals who do not pay for them, one of the characteristics of public goods.