Question

Which of the following scenarios involves a public good? Select the correct answer below: 1. Susan purchases one half of a bushel of tomatoes for only $0.75 per pound. 2. Michael enjoys taking his kids to fish in a local lake on weekends when the weather is nice. 3. Mary pays an annual membership fee to have access to the dog park in her neighborhood. 4. Kyle's commute to work was cut in half after the city built a new bridge in his town that allows him to cross the river without going as far out of his way.

Answer 1

Answer:

4. Kyle's commute to work was cut in half after the city built a new bridge in his town that allows him to cross the river without going as far out of his way

Explanation:

From the above, the bridge is a public good built by the government. A public good is good made for public consumption and benefit and is not done for profit purpose. This is seen above where kyle benefits from the bridge that was built as it cuts her transport fare in half and helps her save extra costs and is also done without a profit purpose in mind.

Answer 2

Answer:

2, 4      

Explanation:

A public good is any good that an individual enjoys that he/she does not bear the burden of providing and its availability and usage by others are not hindered or reduced. Public goods are usually provided by government and examples of public goods are; bridges, public lakes/parks, national defense.