Question
Download Solution PDF_________ are an example of public goods and services.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is roads.
Key Points
- Roads:-
- These are thoroughfares for the conveyance of traffic that mostly have an improved surface for use by vehicles (motorized and non-motorized) and pedestrians.
- It is an example of public goods and services.
- Roads can be classified into a variety of types, including:
- Highways: These are high-speed roads with multiple lanes and limited access. They are typically used for long-distance travel.
- Arterial roads: These are major roads that connect cities and towns. They typically have multiple lanes and traffic signals.
- Collector roads: These roads connect arterial roads to local roads. They typically have fewer lanes and lower speed limits.
- Local roads: These roads provide access to individual homes and businesses. They typically have one lane in each direction and low speed limits.
Last updated on Jun 12, 2025
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