Which of the following combination of statements about a public good is correct?
Select ONE answer:
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 3
- Correct – Incorrect
- Correct – Incorrect
- Correct – Correct: Public goods involve non-excludability, therefore, it is impossible to charge an individual for use. They are also non-rival so one person per se does not reduce the availability for others.
- Incorrect – Incorrect
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