Asked by
Muhammad Nadir
on Oct 13, 2024
Verified
Statement I.Public goods tend to be indivisible.
Statement II.There is often no way to exclude anyone from consuming a public good if she or he did not pay for it.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Indivisible
A characteristic of goods or factors that cannot be divided or separated into smaller units without losing value or utility.
Public Good
A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
- Acquire knowledge on the nature of public goods and their inherent features.
Verified Answer
SS
Learning Objectives
- Acquire knowledge on the nature of public goods and their inherent features.