1.3.3 Public goods

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Question 2
Easy

A coastal authority is funding the construction of a new sea defence barrier to protect a low-lying town from rising sea levels. The authority also operates a nearby toll-access pleasure pier, while local merchants sell individual sandbags to homeowners to protect their own properties.

Which of the following correctly classifies these three goods?

Sea Defence: Public good; Toll-Access Pier: Club good; Individual Sandbags: Private good

Sea Defence: Public good; Toll-Access Pier: Public good; Individual Sandbags: Club good

Sea Defence: Private good; Toll-Access Pier: Club good; Individual Sandbags: Public good

Sea Defence: Club good; Toll-Access Pier: Private good; Individual Sandbags: Private good

1.3.3 Public goods Questions

  1. A Level
  2. /Economics
  3. /1.3.3 Public goods