1 View

Question : Which of the following is an incorrect statement concerning public goods?

Option 1: Usually, public goods are provided by the government.

Option 2: Consumption of public goods by people is rivalrous in nature.

Option 3: It is not easy to collect fees for public goods from every individual.

Option 4: Public goods are non-excludable in nature.


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 5th Jan, 2024

Correct Answer: Consumption of public goods by people is rivalrous in nature.


Solution : The correct option is Consumption of public goods by people is rivalrous .

Because public goods are non-rivalrous, the consumption of one individual does not affect the supply of the commodity for others. Private commodities, on the other hand, are rivalrous since the use of one individual limits the supply of that commodity for others.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books