hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    Which of these is related to public goods?
    Question

    Which of these is related to public goods?

    A.

    The principle of excludability is applicable to its consumption.

    B.

    There is a clear link between the producer and consumer which occurs through the payment process.

    C.

    Its consumption is rivalrous in nature.

    D.

    There is a possibility of free ridership in its consumption.

    Correct option is D

    Public goods are associated with the concept of free ridership, which means people can benefit from the good without contributing to its cost because public goods are non-excludable and non-rivalrous.
    Excludability applies to private goods where consumers can be prevented from consuming them if they do not pay.
     The clear link between producer and consumer through payment is a characteristic of private goods.
     Rivalrous consumption means that one person's consumption of a good reduces the quantity available for others, which is not a feature of public goods.

    Free Tests

    Free
    Must Attempt

    SSC GD PYP (Held on 4 Feb 2025 S1)

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Hindi Section Test 1

    languageIcon English
    • pdpQsnIcon20 Questions
    • pdpsheetsIcon40 Marks
    • timerIcon12 Mins
    languageIcon English
    Free
    Must Attempt

    SSC GD Constable Full Mock Test 1

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    test-prime-package

    Access ‘SSC CHSL Tier I’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    362k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow