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What among the following is NOT an example of 'public goods'?
- a)National defense
- b)Roads
- c)Cars
- d)National Forests
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What among the following is NOT an example of 'public goods'?a...
Not an example of public goods
Cars are not an example of public goods
Public Goods
Public goods are goods or services that are non-excludable and non-rival. Non-excludable means that it is impossible to exclude people from using the good or service, while non-rival means that the consumption of the good or service by one person does not reduce the amount available to others. Examples of public goods include:
- National defense
- Roads
- National Forests
Explanation
Cars are not an example of public goods because they are both excludable and rival. Cars can be owned and used by individuals, and their use by one person reduces the availability of the car for others. Therefore, cars are considered a private good. The other options listed are examples of public goods because they are non-excludable and non-rival. National defense benefits everyone in a society and cannot be excluded from anyone. Roads and national forests can be used by anyone and their use by one person does not reduce the availability for others.
Cars are not an example of public goods
Public Goods
Public goods are goods or services that are non-excludable and non-rival. Non-excludable means that it is impossible to exclude people from using the good or service, while non-rival means that the consumption of the good or service by one person does not reduce the amount available to others. Examples of public goods include:
- National defense
- Roads
- National Forests
Explanation
Cars are not an example of public goods because they are both excludable and rival. Cars can be owned and used by individuals, and their use by one person reduces the availability of the car for others. Therefore, cars are considered a private good. The other options listed are examples of public goods because they are non-excludable and non-rival. National defense benefits everyone in a society and cannot be excluded from anyone. Roads and national forests can be used by anyone and their use by one person does not reduce the availability for others.
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What among the following is NOT an example of 'public goods'?a...
Option C is correct because cars are not public goods ,they are used for personal consumption of an individual
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What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer?
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What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer?.
What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What among the following is NOT an example of 'public goods'?a)National defenseb)Roadsc)Carsd)National ForestsCorrect answer is option 'C'. Can you explain this answer?.
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