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To: buccaneer81

#53 was pretty nebulous.

Answer could have just as easily been A


58 posted on 09/19/2007 6:25:15 PM PDT by Rome2000 (Peace is not an option)
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To: Rome2000

Yes, that was my problem too. I think they were looking for a very pedantic definitiion of ‘public good’ from classic economics.

The other one I got wrong, I misread one of the possible answers.


68 posted on 09/19/2007 6:29:51 PM PDT by proxy_user
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To: Rome2000
#53 was pretty nebulous.

A public good is a good that can be enjoyed by me without reducing the supply of it potentially available to you, i.e., a good we don't have to contend over. None of the answers address the definition. You can quickly eliminate all but B, but B isn't very satisfying as an answer.

National defense is certainly a public good, and it's true that Mr. Bill pays a lot for his, I pay some, and the homeless guy nothing. But the fact that the homeless guy gets defended for nothing isn't material to the definition.

102 posted on 09/19/2007 6:51:24 PM PDT by cynwoody
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