Question : Which of the following is a feature of public goods?
Option 1: These goods are more competitive.
Option 2: These goods are limited in supply.
Option 3: Consumption of one person does not affect the consumption of another person.
Option 4: Only tax payers can get the benefit of public goods.
Correct Answer: Consumption of one person does not affect the consumption of another person.
Solution : The correct answer is Consumption of one person does not affect the consumption of another person .
Public goods are those that are generally accessible to all members of a society or community and have two distinguishing characteristics: they are neither rivalrous nor excludable. They are available for use by everybody, and using them doesn't make them less available for use in the future.
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