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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305631946ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305631946 Exercise 9
(Government) Complete each of the following sentences:
a. Goods that are nonrival and nonexcludable are known as ______.
b. ______ are cash or in-kind benefits given to individuals as outright grants from the government.
c. A(n) ______ confers an external benefit on third parties that are not directly involved in the market transaction.
d. refers to the government's pursuit of full employment and price stability through variations in taxes and government spending.
a. Goods that are nonrival and nonexcludable are known as ______.
b. ______ are cash or in-kind benefits given to individuals as outright grants from the government.
c. A(n) ______ confers an external benefit on third parties that are not directly involved in the market transaction.
d. refers to the government's pursuit of full employment and price stability through variations in taxes and government spending.
Explanation
Verified
Verified
Private goods are those types of goods w...
ECON MACRO 5th Edition by William McEachern
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