Question

Which of the following describe a public good? 1. includes roads, education, and the police force 2.provided by the government in market economies 3.can provide benefits to many people at the same time 4.can only be used by one person at a time

Answer 1

Answer: The answer is 1: includes roads, education, and the police force.

Roads, education, and the police force describe a public good.

Explanation:

Public goods refer to goods that are provided to all members of a society by the government. Every individual consume public goods and that does not reduce its availability to others. Public goods are provided for the well-being or benefit of the public. Public goods are non-rejectable because an individual cannot choose not to consume them. Examples are sewer systems, police force, roads, public parks, education and so on.

Answer 2

1. Included roads, education, and the police force.