Question

A characteristic of public goods is that the use of the good by one person does...

A characteristic of public goods is that the use of the good by one person does not reduce its availability to others. The term for this is:

a.) non-exclusive

b.) transferable

c.) free-rider

d.) non-rival

e.) perfectly elastic

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Answer #1

Public goods are those types of goods which are non excludable and non Rival in nature.

Non Rival means having no competition with others and main motto is not to generate profit.

Non excludable means open for everyone without any discrimination and use by the one person will not reduce its availability for the others .

Perfect elastic is related with the elasticity which is totally irrelevant here and same goes for the Free Rider

This is only e given by option A

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