Complete the public goods rule

Exercise and reference answers

Missing parts

1. Answer

   nonexcludable

   Choices

   1. nonexcludable
   2. perishable
   3. renewable

2. Answer

   free

   Choices

   1. free
   2. paid
   3. last

3. Answer

   knowledge

   Choices

   1. knowledge
   2. pizza
   3. housing

Complete the statement

A public good is non-rival and {0}; that is why private firms face the {1} rider problem; and new {2} behaves the same way.

Instructions

Tap a word for each blank to complete the rule.

Explanation