Chapter 13: Problem 16
Explain why the federal government funds national defense.
Chapter 13: Problem 16
Explain why the federal government funds national defense.
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Which of the following goods or services are nonexcludable? a. police protection b. streaming music from satellite transmission programs c. roads d. primary education e. cell phone service
How do public television stations, like PBS, try to overcome the free rider problem?
Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government.
Education provides both private benefits to those who receive it and broader social benefits for the economy as a whole. Think about the types of policies a government can follow to address the issue of positive spillovers in technology and then suggest a parallel set of policies that governments could follow for addressing positive externalities in education.
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