Public goods - short answer
Explain, with the aid of examples, the main characteristics of public goods.
To what extent is it desirable that the government should provide public goods?
Identify goods that are non-pure public goods, and explain in each case why some excludability and diminishability are possible.
Why are health and education not pure public goods?
Classify the following goods as either public (P), merit (M) or demerit goods.
|Good||Public (P), merit (M) or demerit (D)?|
|Nursery education (pre-school)|