Which of the following is an example of a public good?
A)a candy bar
B)a painting by Monet
C)a beautiful sunset
D)a crowded beach

Question

Quizplus · Accepted Answer

A public good is a good or service that is both non-excludable (meaning anyone can use it) and non-rivalrous (meaning one person's use of it does not diminish its availability to others). A beautiful sunset meets these criteria, as anyone can enjoy it and one person's enjoyment of it does not diminish the ability of others to enjoy it. The other options are not public goods - a candy bar is excludable (you have to pay for it to eat it) and rivalrous (if you eat it, no one else can); a painting by Monet is excludable (you have to have permission to see it) and rivalrous (if someone is looking at it, no one else can); and a crowded beach is rivalrous (if it is too crowded, there may not be enough space for everyone to enjoy it).

Which of the Following Is an Example of a Public