What is an example of a public good?

A.
healthcare
B.
street lights
C.
unemployment benefits
D.
vaccinations
Economics
IGCSE&ALevel
CAIE
Exam No:0455_w21_qp_13 Year:2021 Question No:4

Answer:

B

Knowledge points:

2.10.1 definition of market failure :The key terms associated with market failure: public good, merit good, demerit good, social benefits, external benefits, private benefits, social costs, external costs, private costs.

Solution:

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