Q. A good or service or a resource is non-rival if
✅ Correct Answer: (A)
it is not possible to prevent someone from enjoying the benefits of it.
Public Finance MCQs and Notes
Q. A good or service or a resource is excludable if
✅ Correct Answer: (A)
it is possible to prevent someone from enjoying the benefits of it.
Q. An uncrowded toll road is ________ because it is ________.
✅ Correct Answer: (A)
not a pure public good; non-rival but excludable
Q. A good or service or a resource is non-excludable if
✅ Correct Answer: (C)
it is not possible to prevent someone from benefiting from it.
Q. Pure private goods are those for which consumption is
✅ Correct Answer: (B)
rival and excludable.
Q. Of those listed below, the best example of a pure public good is
✅ Correct Answer: (A)
a radio broadcast.
Q. When consumption of a good is non-rival and non-excludable, the good is a
✅ Correct Answer: (A)
public good.
Q. Public goods are those for which
✅ Correct Answer: (B)
individuals who do not pay cannot be excluded from consuming.
Q. The provision of public goods requires
✅ Correct Answer: (D)
none of the above.
Q. Which of the following is a public good?
✅ Correct Answer: (C)
both of the above.