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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 7
Which of these government actions is justified by public goods, externalities, regulation, or redistribution? (More than one reason might apply in each case.) Explain your answers.
a) New York City bans smoking in restaurants.
b) Congress renews the food stamp program, which gives poor people access to groceries at a discount.
c) Local governments open libraries that are available to anyone.
d) The Federal Aviation Administration ensures the safety of air travel.
e) Federal and state governments support higher education.
a) New York City bans smoking in restaurants.
b) Congress renews the food stamp program, which gives poor people access to groceries at a discount.
c) Local governments open libraries that are available to anyone.
d) The Federal Aviation Administration ensures the safety of air travel.
e) Federal and state governments support higher education.
Explanation
Verified
Verified
Public goods: These are those goods and ...
Economics: The Basics 1st Edition by Mike Mandel
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