Chapter 11 Reflection:

Think of an example of a Public Good (not a publicly provided good, but a Public Good using the definition from the chapter.)  What are the costs of providing the good?  What are the benefits? Is there another way to have the good provided? Did this chapter cause you to think of Public Goods differently?  In what way? 

Review the definition of a public good before answering this - not all publicly provided goods are public goods.

An example of a Public Good that comes to mind as well as reading about it in the book is our countries National Defense. This is one of our countries most important Public Good. We need to have the defense of our country from foreign aggressors and we need to be able to defend our country in case of an attack on our soil. The costs of this Public Good are in the billions but I feel that it is well worth it and every bit necessary. But the cost is nothing to all of us. The benefits are that we have the freedoms to live our lives as we see fit without the threat of war, etc. There is not another way to provide this good. We need to have our military forces, ready to go just in case they are called on needed to protect our country.