Which of the following would be considered a public good?
Yellowstone National Park
I believe the answer is Yellowstone national park.
- It must be bought and maintained using the budget that is allocated from taxpayers.
- It was created for public use.
All other options are considered privately owned properties.
Yellowstone National Park is a renowned national park located primarily in the U.S. states of Wyoming, Montana, and Idaho. It was established in 1872 and is widely considered to be the first national park in the world.
The park covers an area of over 2 million acres and is home to a diverse range of wildlife, geothermal features, and stunning landscapes. Visitors to Yellowstone can enjoy activities such as hiking, camping, wildlife watching, and viewing iconic attractions like Old Faithful geyser.
Yellowstone National Park is managed by the National Park Service, an agency of the United States Department of the Interior. The park is funded through a combination of federal appropriations and visitor fees, making it accessible to the public at large.
Overall, Yellowstone National Park serves as a prime example of a public good that is preserved for the benefit and enjoyment of all individuals, regardless of their socioeconomic status or background.
Which criteria must a good meet to be considered a public good? A good must be bought and maintained using taxpayer funds and created for public use to be considered a public good.