Providing Public Goods

Which one is NOT a characteristic of Public Goods

• NOT Making each consumer pay individually.

• Certain facilities or services should be available to all rich or poor

• Not practical for a private business to provide the service, charge those who benefit, and exclude nonpayers from using the service.

• Any number of consumers can use them without reducing the benefits to any single consumer

a shared good or service for which it would be impractical to make consumers pay individually and to exclude nonpayers; any number of consumers can use them without reducing the benefits to a single consumer

• Public Sector

• Market Failure

• Private Sector

• Public Good

A good that can be consumed simultaneously by everyone and from which no one can be excluded is a:

• Rival Good

• Public Good

• Private Good

• Nonrival Good

Why are Public Goods Provided:

(Select all that apply)

• They are necessary for daily life and national development

• So private businesses can make a profit

• Government does not want private suppliers making money off essential goods

• The government does not want people paying for public goods

How are Public Goods provided:

(Select all that apply)

• The government will subsidize certain goods such as public transportation

• People directly pay for them

• The goods are paid through taxtaion

• Private businesses provide them

How would life be without Public Goods:

(Select ALL that apply)

• No Schools

• No Police Enforcement

• No Hospitals

• No Fire Department