Economics · Public Goods & Services
Match the following items correctly: Items: (1) Public Goods (2) Private Goods (3) Public-Private Partnership Descriptions: (a) A good or service that is excludable and rival in consumption (b) A long-term collaboration between the government and private sector (c) A good that is non-excludable and non-rival in consumption
- 1(1)-(c), (2)-(b), (3)-(a)
- 2(1)-(b), (2)-(a), (3)-(c)
- 3(1)-(a), (2)-(c), (3)-(b)
- 4(1)-(c), (2)-(a), (3)-(b)✓
Correct answer
(1)-(c), (2)-(a), (3)-(b)
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