Private good or public good?
Exercise and reference answers
- Left
- Private good
- Items
- Item
- A slice of pizza
- Answer
- Private good
- Item
- Used up by one
- Answer
- Private good
- Item
- Can be withheld
- Answer
- Private good
- Item
- A street light
- Answer
- Public good
- Item
- A tornado siren
- Answer
- Public good
- Item
- A lighthouse
- Answer
- Public good
- Right
- Public good
- Instructions
- Swipe left for Private good, right for Public good.
Explanation
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 13 'Positive Externalities and Public Goods', sections 13.1-13.4_