Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government.

Short Answer

Expert verified

Post offices and government owned museums are two examples of private goods or services provided by the government.

Step by step solution

01

Step 1. Introduction:

Public goods are nonexcludable and non-rival. However, not all taxed goods and services provided can be considered as public goods. On the other hand, private goods are excludable as well as rivalrous.

02

Step 2. Explanation:

The two examples of private goods or services provided by the federal government are:

  • Post office- The services provided in the post offices are excludable because people have to pay postage fees to deliver letters and packages.
  • Government owned museums- The museums impose an entry fees on people visiting them which make these museums excludable. Also, the museums can accommodate only a limited number of people at a time.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Study anywhere. Anytime. Across all devices.

Sign-up for free