Question

Which of the following statements is not true? Multiple Choice

Answer 1

Answer:

4. Public goods are only provided by government.

Explanation:

The statement is false because, as stated by the previous options of the question, sometimes public goods are provided by private organizations even if they are usually unprofitable.

For example, in New York City the Central Park Conservancy is a private, non-profit organization that provides maintenance and operation for the Central Park. This is an example of a private organization employing its resources for the benefit of the public.