alleryStart learning →True or false: public goods
Exercise and reference answers
- Questions
- Statement is true
- Yes
- Statement
- A public good is nonexcludable and non-rival.
- Statement is true
- No
- Statement
- A slice of pizza is a public good.
- Statement is true
- Yes
- Statement
- New knowledge often behaves as a public good.
- Statement is true
- No
- Statement
- Technology is the only positive externality there is.
- Statement is true
- Yes
- Statement
- Street lights are non-rival in consumption.
- Instructions
- Tap True or False for each statement.
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_