Distinguish between private and public goods, and explain why government allocation of public goods is necessary.
-The national parks received millions of visitors annually, and there is often a bumper-to-bumper traffic jam on the roads throughout the parks. Do you think this would be true if the national parks were sold to private business? Would you favor such a sale? Why or why not? Can you think of an alternative solution to the crowding problem in the national parks?
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Q12: Whats defention of terms:
-free rider
Q13: Whats defention of terms:
-transactions costs
Q14: Define and describe different types of market
Q15: Distinguish between private and public goods, and
Q16: Distinguish between private and public goods, and
Q18: Explain how government policies are used to
Q19: Explain how government policies are used to
Q20: Understand the principles of taxation.
-Define the benefits-received
Q21: Understand the principles of taxation.
-In many states,
Q22: Understand the principles of taxation.
-Many states have
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