Read the following statements carefully and choose the correct alternative from the following: Statement 1 – Public goods are those goods and services that are collectively consumed by the public. Statement 2 – Public goods are excludable and rivalrous in nature. Alternatives: a) Both the statements are true. b) Both the statements are false. c) Statement 1 is true and Statement 2 is false d) Statement 2 is true and Statement 1 is false

Read the following statements carefully and choose the correct alterna

1.	Read the following statements carefully and choose the correct alternative from the following: Statement 1 – Public goods are those goods and services that are collectively consumed by the public. Statement 2 – Public goods are excludable and rivalrous in nature. Alternatives: a) Both the statements are true. b) Both the statements are false. c) Statement 1 is true and Statement 2 is false d) Statement 2 is true and Statement 1 is false
Answer» c) Statement 1 is true and Statement 2 is false

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