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Exam (elaborations)
PADM 5400 Exam 1 2025
Public goods - Correct Ans-Goods and services provided by local government that cannot be sold in units and whose benefits accrue to all citizens 
 
These goods and services are generally accounted for in governmental types of funds and are financed from general taxes 
 
Non-rivalrous and non-excludable. 
 
Example: public safety. All members of the public have a right to safety, not just the ones who can afford it. 
 
Private goods - Correct Ans-Consumer goods and services that are sold in d...
Exam (elaborations)
PADM 5400 Midterm Exam Study Guide A+ Graded
PopularPADM 5400 Midterm Exam Study Guide A+ Graded ...