General Knowledge · Economics
What does the term 'public goods' refer to in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Goods that are manufactured for export abroad
- 2Goods that are non-excludable and non-rival in consumption✓
- 3Goods that are excludable and rival in consumption
- 4Goods produced exclusively by the government
Correct answer
Goods that are non-excludable and non-rival in consumption
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