Markets, Efficiency And The Public Interest
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- Subject
- Markets, Efficiency And The Public Interesteconomics-mcqs › markets-efficiency-and-the-public-interest
- Published
- 31 May 2019
- Last updated
- 28 May 2026
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Which of the following is an example of a public good?
Multiple choice question for Markets, Efficiency And The Public Interest. Select an option, then review the explanation below.
Explanation
Public goods are characterized by being non-excludable and non-rivalrous. Among the options, conserving wetlands is a public good because it benefits everyone without excluding anyone and one person's use does not reduce availability to others. In contrast, private gardens, utility services, and personal items like books or devices are either excludable or rivalrous.
More Markets, Efficiency And The Public Interest MCQs
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