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Answer questions (a) and (b): (a)Carefully explain the terms 'non-rivalry' and 'non-excludability'. Provide an example of good with both these characteristics. (5 marks) (b)Truthful information

Answer questions (a) and (b):

(a)Carefully explain the terms 'non-rivalry' and 'non-excludability'. Provide an example of good with both these characteristics.(5 marks)

(b)"Truthful information is too important for citizens to be left to the private sector for profits. It is a public good".Explain in your own words and provide an example of this.(5 marks)

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