Question

Match List-I with List-II.

List-I	List-II
A. Public Good	I. Rival, non-excludable
B. Club Good	II. Non-rival, Non exclusion
C. Common Pool resources	III. Rival, Excludable
D. Private Good	IV. Non-rival, Excludable

• A. A-II, B-IV, C-I, D-III
• B. A-IV, B-III, C-II, D-I
• C. A-IV, B-III, C-I, D-II
• D. A-I, B-II, C-III, D-IV

Hint:

Public goods are non-rival and non-excludable, while private goods are rival and excludable.

Answer 1

The Correct Option is A

Concept: Goods are classified on the basis of rivalry and excludability. Rivalry means one person's use reduces availability for others. Excludability means people can be prevented from using the good.

Step 1: Match Public Good.
Public goods are non-rival and non-excludable. \[ A \rightarrow II \]

Step 2: Match Club Good.
Club goods are non-rival but excludable. \[ B \rightarrow IV \]

Step 3: Match Common Pool Resources.
Common pool resources are rival but non-excludable. \[ C \rightarrow I \]

Step 4: Match Private Good.
Private goods are rival and excludable. \[ D \rightarrow III \] Therefore, the correct matching is: \[ A-II,\ B-IV,\ C-I,\ D-III \]