Question

According to "The US Economy: Private and Public Sectors", goods provided by government that fit the definition of a public good, but can be delivered in such a way that exclusion is possible are called which of the following?
A. Non-exchangeable goods.
B. Non-rivalry goods.
C. Quasi-public goods.
D. None of the above.

Answer 1

Answer:

C. Quasi-public goods. 

Explanation:

Quasi-public goods are goods that has features of both private and public goods.

A public good is a good that is both non -excludable and non-rivaled in consumption.

A private good is the opposite of a public good.

Some features of quasi public goods are partial excludability and partial rivalry. Examples of quasi public goods are education, roads, and bridges.

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