Question

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct options given below:
Assertion (A): In case of public goods no one can be excluded from enjoying the benefits.
Reason (R): Public goods are non-rivalrous and non-excludable in nature.

• A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
• B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
• C. Assertion (A) is true, but Reason (R) is false
• D. Assertion (A) is false, but Reason (R) is true

Hint:

Public goods are a key concept in economics. They differ from private goods because they are available to all, and no one can be excluded from enjoying the benefits.

Answer 1

The Correct Option is A

Public goods are both non-rivalrous and non-excludable, which means they can be consumed by everyone without reducing availability for others, and no one can be excluded from consuming them. Therefore, Assertion (A) is correct, and Reason (R) accurately explains the assertion.