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Chapter 13: Q.14 (page 316)

Name two public goods and explain why they are public goods.

Short Answer

Expert verified

Police protection and radio broadcasts are two of the public goods.

Step by step solution

01

content Introduction

A nonexcludable and nonrival public good is one that is difficult for market enterprises to sell to individual clients. Public goods include a wide range of government services.

02

Content Explanation

Police protection is said to be an example of public good. Protecting only a few people in the community from burglary while excluding others would be challenging. Providing security to some people entails safeguarding the entire society from burglary. Radio transmissions are another example. It will be difficult to prevent anyone from receiving a radio signal after it has been broadcast. Furthermore, other people will not be stopped from getting the radio broadcast if one person is listening to it.

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Most popular questions from this chapter

Education provides both private benefits to those who receive it and broader social benefits for the economy as a whole. Think about the types of policies a government can follow to address the issue of positive spillovers in technology and then suggest a parallel set of policies that governments could follow for addressing positive externalities in education.

When residents in a neighborhood tidy it and keep it neat, there are a number of positive spillovers: higher property values, less crime, happier residents. What types of government policies can encourage neighborhoods to clean up?

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Explain why the federal government funds national defense.

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