Which of the following best defines a public good?
A. A public good is available for anyone to utilize, regardless on who pays and who doesn’t.
B. A public good is a good that uses public funds to finance its production.
C. A public good is a good that is sold to other people in the market.
D. A public good is a good that requires government approval before it can be produced.
Answer:A
Which of the following best defines a public good?
A. A public good is available for anyone to utilize, regardless on who pays and who doesn’t. B. A public good is a good that uses public funds to finance its production. C. A public good is a good that is sold to other people in the market. D. A public good is a good that requires government approval before it can be produced.