Respuesta :
Pubic goods are:
- produced by the government for the welfare of the people
- with no cost
Public goods are for the welfare of people, produced by the government as it's the government's responsibility to care for it's people.
Pubic goods are at no cost in order for it to be accessible to everyone, without a financial barrier or limit.
The free-rider problem is a market failure where pubic goods are being accessed and benefitted from but it's not being paid for by the benefiting group.
U.S border control is public goods as we, the general public, do not pay for it and it's aim is our protection, it is for our wellbeing.
Satellite TV is private goods as it's manufactured by a business or entrepreneur, and is sold for their profit.
The characteristics of public goods include non-excludabilty and non-rivalrous.
A public good simply means a good that's provided to everyone in society. Examples of public goods include lighthouse, roads, etc.
The characteristics of public goods include non-excludabilty and non-rivalrous. This implies that it's available to everyone in society and the consumption by one person doesn't decrease the consumption that's available for others.
The free rider problem refers to the market failure when some people do not pay for the services that are enjoyed by them.
Learn more about public goods on:
https://brainly.com/question/1170435
