Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 11 - Part IV - Public Goods and Common Resources - Quick Check Multiple Choice - Page 229: 3

Answer

B) National defense

Work Step by Step

A public good is non-excludable and non-rivalrous. National defense is non-excludable, because a country’s citizens cannot be excluded from benefiting from defence and the security provided. National defense is also non-rivalrous, because one individual’s benefit does not prevent individuals from accruing the same unit of benefit.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.