Provide an example of a specific public good that is provided by State or Local

Question

Provide an example of a specific public good that is provided by State or Local government, determine an externality that could impact it’s provision, and identify one way the government can respond.
Provide an example of a specific public good that is provided by State or Local government, determine an externality that could impact it’s provision, and identify one way the government can respond.
Provide an example of a specific public good that is provided by State or Local government, determine an externality that could impact it’s provision, and identify one way the government can respond.

Explanation / Answer

Education can be regarded as the public good. Education has strong and long lasting externalities that help society to grow multifaceted. Better education makes citizens responsible and accountable. Education also help to develop skills and expertise that have strong positive externalities. Since private sector may not be incentivised to make free provision of education. Thus, government must provision of education as it would help society to grow in bette way. Benefits of education can not be confined to individual only, its benefits spread to all members of society.

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