Public v Private Goods

Which of the following is the best example of a pure public good? 

• Electricity from a public utility
  
• Mail delivery service by the post office 
• Social Security payments
  
• National defense
  

National defense is an example of a public good because:

• it requires tax revenues to fund any production 
• it is non-excludable and non-rival
  
• the private market typically produces the socially efficient level of output 
• the public is protected from invasion 

Which of the following is a characteristic of a public good? 

• It is excludable
  
• It is non-rival in consumption
  
• The private sector would produce a larger than socially optimal quantity
  
• It yields substantial spillover costs
  

Which of the following is NOT an example of a public good?

• Fireworks display

• National Defense

• Public transportation

• Lighthouse

Which of the following is an example of a private good?

• School WiFi

• Park bench

• Netflix

• Apples

What type of good is it?

• Public

• Common

• Club

• Private

What type of good is it?

• Public

• Club

• Common

• Private

What type of good is it?

• Private

• Club

• Common

• Public

• Public

• Private

• Public

• Private