✅ (Solved): An example of a public good is A) national defence. B) transfer payments. C) government pension payments. D) both A and C. E) lump sum taxe

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An example of a public good is
A) national defence.
B) transfer payments.
C) government pension payments.
D) both A and C.
E) lump sum taxe

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Private answer

A) national defence.
Explanation:
A public good is a product that an individual can consume without reducing its availability to the others and no one is deprived of the product. Examples of public goods include national defense, sewer systems, air we breathe. Public goods do not exclude a certain group of people from using it, that is why pensions are no public goods because they are given to people who have been employed and paying for them for a certain period of time.

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Answered on June 25, 2020 6:09 pm

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