Which of the factors listed contributes to making street performances a public good? a. No qualifications...
Which of the factors listed contributes to making street performances a public good?
a. No qualifications are required to perform.
b. Performances do not follow a set schedule.
c. Any passerby can enjoy the show.
d.Music and live theater are art, not science.
e. Not everyone enjoys street theater.
Homework Answers
Option C
- Public goods are those goods which have two main properties that are non rivalry and non excludable.
- A public good is said to be non excludable and non rivalrous if it can be used effectively without excluding anyone else from use and the use of such a good by an individual does not reduce its availability to others.
- A street performance is considered as a public good as any passerby can enjoy the show and it does not exclude any one. Hence it is non excludable and non rivalrous.
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Which of the factors listed contributes to making street
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Read the following letter and help Shady Slim with his tax
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