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An example of a quasi-public good is:Multiple Choicepublic higher education.an automobile.a DVD player.national defence.

Question

An example of a quasi-public good is:

  • public higher education.
  • an automobile.
  • a DVD player.
  • national defence.
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Solution

Analysis of the Options

  1. Public Higher Education:

    • Generally funded by the government and accessible to the public. It has characteristics of both public and private goods, providing broad access while still requiring some personal investment (tuition fees).
  2. An Automobile:

    • A private good that is excludable and rivalrous, meaning ownership prevents others from using it, and one person's use reduces availability for others.
  3. A DVD Player:

    • Another example of a private good, which is also excludable and rivalrous. It is purchased by individuals for personal use.
  4. National Defence:

    • A classic example of a public good that is non-excludable and non-rivalrous. National defense benefits all citizens regardless of their contribution to funding it.

Final Answer

Public higher education is an example of a quasi-public good. It combines elements of public goods (providing access to all) with aspects of private goods (tuition and fees requiring individual investment).

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