Question : Which of the following is an incorrect statement concerning public goods?

Option 1: Usually, public goods are provided by the government.

Option 2: Consumption of public goods by people is rivalrous in nature.

Option 3: It is not easy to collect fees for public goods from every individual.

Option 4: Public goods are non-excludable in nature.

Question :  Which of the following best describes a club good?

Option 1: A good that is non- rivalrous and non-excludable

Option 2: A good that is non-rivalrous and excludable

Option 3: A good that is rivalrous and non-excludable

Option 4: A good that is rivalrous and excludable

Question : Public goods possess which of the following features in the economy?
I. They are non-rivalrous.
II. They are non-excludable.

Option 1: Only II

Option 2: Only I

Option 3: Neither I nor II

Option 4: Both I and II

Question : Which of the following is NOT a characteristic of human capital?

Option 1: Transferable

Option 2: Non-depletable

Option 3: Non-rivalrous

Option 4: Non-excludable

Question : Which of the following are the characteristics of Entrepreneurship?
 

Option 1: Systematic activity
 

Option 2: Lawful activity
 

Option 3: Innovation
 

Option 4: All of the above.