Which of the following is/are an example of public goods?
a) Defense
b) House
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Only a.
Defense is the correct example of a public goods Public goods are non-excludable and non-rivalrous, meaning everyone can benefit from them without reducing their availability to others. National defense fits this description, as it protects all citizens without diminishing its availability to anyone.