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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 14
Think about the goods and your local government.
a. Using the classification in Figure 1, explain which category each of the following goods falls into:
• police protection
• snow plowing
• education
• rural roads
• city streets
b. Why do you think the government provides items that are not public goods?
a. Using the classification in Figure 1, explain which category each of the following goods falls into:
• police protection
• snow plowing
• education
• rural roads
• city streets
b. Why do you think the government provides items that are not public goods?
Explanation
Verified
Verified
Public goods are the goods which are non...
Essentials of Economics 7th Edition by Gregory Mankiw
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