Which of the following is the best example of a public good?
A)Health care
B)Amusement parks
C)Street lights
D)Telephone service
E)Social Security payments

Question

Quizplus · Accepted Answer

A public good is a good or service that is non-excludable and non-rivalrous, meaning that once it is provided, it is available to everyone and one person's use of it does not diminish its availability for others. Street lights fit these criteria as they are available for everyone to use and the use of a street light by one person does not diminish its availability for others. Health care, amusement parks, telephone service, and Social Security payments are not public goods as they are not available to everyone and their use by one person can decrease their availability for others.

Which of the Following Is the Best Example of a Public