Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 17, Problem 7QP
To determine

Reason why market does not provide national defense when people demand it.

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Explain why the federal government funds national defense.
What do you see as the biggest flaw in using benefit-cost analysis to guide public policy?
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