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Chapter 13: Problem 14

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

Short Answer

Expert verified
Public Good 1: Fire Protection Services: These are non-excludable and non-rivalrous as everyone in a community benefits from them regardless of paying taxes, and the quality of service isn't diminished with increased use. Public Good 2: Clean Air: This is non-excludable and non-rivalrous as no one can be denied access to clean air when available, and one person's consumption doesn't reduce its availability or quality for others.

Step by step solution

01

Public Good 1: Fire Protection Services

Fire protection services are provided by the government and funded with taxpayers' money. These services are non-excludable as everyone living in a community is protected from fire hazards regardless of whether they paid taxes or not. They are also non-rivalrous because the fire department can respond to multiple fires without diminishing the quality of service for others.
02

Public Good 2: Clean Air

Clean air is an example of an environmental public good. It is non-excludable because, when it is available, no person can be denied access to breathe clean air regardless of their payment towards its preservation. Clean air is also non-rivalrous because one person's consumption of clean air doesn't diminish the availability or quality of clean air for others to enjoy.

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