A good or service can be consumed by a person even if he or she didn't pay for it is called ________ good.
A) a private
B) a public
C) a normal
D) an inferior
E) an external

Question

Quizplus · Accepted Answer

A public good is a good or service that is non-excludable and non-rivalrous, meaning that it cannot be effectively restricted to a certain group of people and its consumption by one person does not diminish its availability to others. Public goods are often provided by the government and can be enjoyed by individuals even if they do not pay for them directly (e.g. public parks, national defense, street lighting).

A Good or Service Can Be Consumed by a Person