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ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558 Exercise 1
Think about the goods and services provided by 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...
ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
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