True or False? Explain your reasoning. (i) All goods and services provided by the government are public goods I know the...
True or False? Explain your reasoning.
(i) All goods and services provided by the government are public goods
I know the answer is False but I just don't know how to explain it well enough- please help me explain.
Homework Answers
Public goods exhibit the characteristics of non-excludability and non-rivalry. However, for this reason, public goods are not only distributed by the government. They can also be produced by the market. For example, radio. It will be very difficult to exclude people from its consumption and its consumption by one won't reduce its availability for others. Thus, the statement is false.
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