alleryGoods like national defence and roads, which the market cannot provide, are called:
APublic goods
BPrivate goods
CMerit goods
DCapital goods
Answer & Solution
Correct answer: A. Public goods
1. Their benefits are available to all.
2. They are public goods.
3. Nobody can be excluded from them.
_Source: syllabus Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._
Keep practising Indian Economy & Economic Development
Browse all Indian Economy & Economic Development questions for Karnataka PUC II, or explore more Economics topics.
Related questions
A tax in which the rate rises as income rises is called:Wealth tax, gift tax and estate duty, which raised little revenue, were referred to as:Excise duties are taxes levied on goods:Personal income tax and corporation tax are examples of:Receipts that do not create a claim on the government are:When goods are produced directly by the government, it is called:Users who enjoy a public good without paying for it are known as:India's financial year runs from: