Question

The Statue of Liberty can be seen for miles around because of its immense size. Since it is impossible to charge people to see the monument it is example of a __________. A. public good B. private good C. federal commodity D. government resource

Answer 1

The answer is A. public good

Answer 2

The correct answer is A. Public good

Explanation:

The term "public good" refers to any commodity or good that belongs to all members in a society and because of this it can be enjoyed, seen or used for everyone without any profit, this also implies neither the government or other entity can exclude people from public goods. Additionally, public goods are usually provided by the government of a country and include street lighting, public libraries, parks, monuments, etc. This means, in the case of the Statue of Liberty in the U.S. this good can be classified as a public good as this can be seen by everyone without exclusion or profit.