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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094 Exercise 11
Summarize the seven roles of government in an economy
(Government) Complete each of the following sentences:
a. Goods that are nonrival and nonexcludable are known as _________.
b. ________ are cash or in-kind benefits given to individuals as outright grants from the government.
c. A(n) _________ confers an external benefit on third parties that are not directly involved in the market transaction.
d. ________ refers to the government's pursuit of full employment and price stability through variations in taxes and government spending.
(Government) Complete each of the following sentences:
a. Goods that are nonrival and nonexcludable are known as _________.
b. ________ are cash or in-kind benefits given to individuals as outright grants from the government.
c. A(n) _________ confers an external benefit on third parties that are not directly involved in the market transaction.
d. ________ refers to the government's pursuit of full employment and price stability through variations in taxes and government spending.
Explanation
Verified
Verified
a)
Non-Rival goods are those goods and s...
ECON MACRO 5th Edition by William McEachern
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