00:01
The government is involved in providing many goods and services.
00:05
For each of the goods or services listed, determine whether it is a rival or non -rival in consumption, and whether it is excludable or non -excutable.
00:13
What type of good is it? without government involvement, would the quantity provide to be efficient, inefficiently low, or inefficiently high? street signs.
00:23
These are non -rival and non -excutable.
00:27
Since this is a public good without the government intervention, the quantity produced would be inefficiently low.
00:35
Amtrak rail service.
00:37
This is a private good, which is rival and excludable.
00:40
However, without the government intervention, the quantity produced would be inefficiently low...