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Public goods are often thought to be goods or services that are provided by the government,...

  1. Public goods are often thought to be goods or services that are provided by the government, but that is confusing cause and effect.
    1. What are the characteristics of a public good?
    2. What is an example of a good that is often provided by the government but is NOT a public good?
    3. What is an example of a good that is often provided by the government and IS a public good?
    4. What is an example of a good that is rarely provided by the government and IS a public good?
    5. Consider open educational resources (OER), for example, open textbooks (such as the book for this class provided free through OpenStax). These are available free online from companies like OpenStax College and Lumen Learning. Is OER a public good?
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Answer #1

A) two characteristics of public good

1) non rivalry ; public goods are non- rivalrous.

The consumption by one person can't simultaneously prevent the other person's Consumption of the same good

2) non excludable:

One can't charge the user fees for the public good & hence cant exclude an individual from using the public good

B) education, ​​​​​​water, fire protection

are private goods , but are provided by govt

C) national defence

is public good & provided by govt

D) health care

medical services is a public good, but often it has a private provision

E) yes, OER is a public good.

bcoz it has both characteristics of public good

Since it's freely available, Hence it is non excludable

also if one person downloads, then it can't prevent simultaneously the other person to download, hence it is non rival

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