What is a public good?
What will be an ideal response?
A public good is a good that is non-rival in consumption and its benefits are non-excludable.
Economics
You might also like to view...
A steady-state equilibrium refers to:
A) an equilibrium in which the stock of physical capital remains constant over time. B) an equilibrium in which the inequality remains constant over time. C) an equilibrium in which the GDP per capita remains constant over time. D) an equilibrium in which the poverty rate remains constant over time.
Economics
In economics
A) both resources and wants are limited. B) both resources and wants are unlimited. C) resources are limited but wants are unlimited. D) resources are unlimited but wants are limited.
Economics