Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Public Goods are always:

Options:

Rivalrous but non-excludable 

Non-rivalrous and non-excludable

Non-rivalrous but excludable  

Rivalrous and excludable

Correct Answer:

Non-rivalrous and non-excludable

Explanation:

Goods are typically considered public goods in modern economics if and only if they are non-rivalrous and non-excludable. Private commodities are rival and excludable goods. Non-excludable means that it is costly or impossible for one user to exclude others from using a good. Non-rivalrous means that when one person uses a good, it does not prevent others from using it.