Asked by
Silent Voice
on Nov 05, 2024
Verified
________ is an example of a public good.
A) An American Airlines jet
B) Police protection
C) A Starbucks grande latté
D) Chemotherapy
Public Good
A public good refers to a product or service offered to every member of a society for free, regardless of profit, by either governmental entities or private individuals or groups.
Police Protection
A mechanism of public security provided by governmental police forces aiming to maintain order, enforce the law, and prevent and investigate crime.
- Understand the significance of public goods and the challenge of underproduction within a free-market system.
- Determine samples of public goods and outline their attributes.
Verified Answer
FF
Learning Objectives
- Understand the significance of public goods and the challenge of underproduction within a free-market system.
- Determine samples of public goods and outline their attributes.