Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
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Question
Chapter 15, Problem 2DQ
To determine
The public goods that are provided by the local government.
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Compare and contrast private and public goods. Give an example for each kind of good.
Define public good?
What are public and private goods?
Chapter 15 Solutions
Economics: Principles & Policy
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- Mr. Saeed Ahmed loves watching sports channel on his local public TV station, but he never sends any money to support the station during its fund-raising drives. What name do economists have for people like Mr. Saeed Ahmed? b. How can the government solve the problem caused by people like Mr. Saeed Ahmed? c. Can you think of ways the private market can solve this problem? How does the existence of cable TV alter the situation?arrow_forwardWould you please explain the reasons why we learn public economics and also mention the main role of government in our economy activities.arrow_forwardWhat are public goods/services? Provide an example of a public good and say why it is a public good/servicearrow_forward
- Explain what public goods are, and why public goods are provided by the government, using terms and details from thearrow_forwardWhich of the following is an example of a public good? A. Movie Theater B. Tacos C. Natural History Museum D. None of the abovearrow_forwardProvide three examples of public goods and services in your hometown. Explain how each is non-rival and non-excludable.arrow_forward
- Which of the following is the best example of a public good in a classroom? Select one: a. anything that is provided free by the government b. a copy of the textbook c. a student's notes d. the temperature in the room e. a pencilarrow_forwardPlease indicate which of the following is or is not a public good: 1. A public swimming pool at the local recreation center. 2. TikTok videos. 3. Any good that has positive externalities. 4. The children's play area at your local mall.arrow_forward
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