Multiple Choice
A slice of pizza is:
8. The Types of Goods
Four Types of Goods and Two Characteristics
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An example of an excludable good is:
A
The court system
B
The public road
C
National Defense
D
MP3 Downloads
Verified step by step guidance1
Understand the concept of excludability: An excludable good is one where it is possible to prevent people who have not paid for it from having access to it.
Analyze each option: Determine whether each option can be restricted to only those who pay for it.
Consider 'The court system': This is a public service that is generally available to everyone, regardless of payment, so it is non-excludable.
Consider 'The public road': Public roads are typically available for use by everyone, making them non-excludable.
Consider 'MP3 Downloads': These can be restricted to only those who purchase them, making them excludable.
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