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Questions

MUF0061 Economics Unit 1 - Semester 1, 2025 Revision Quiz: Public Goods (5 - 7 minutes)

Single choice

From the list below, which product example is the best example of a public good?

Options
A.a. Healthcare
B.b. National defence force
C.c. A bridge
D.d. University education
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Question restatement: From the list below, which product example is the best example of a public good? Option analysis: a. Healthcare — This is typically provided as a private good or a mix of public and private depending on the system, but it is often excludable and rivalrous in many contexts. People can be charged or restricted access, and one person’s use can reduce another’s ability to use the same resource, which breaks th......Login to view full explanation

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