Examples of public goods include national defense, police, and the U.S.Postal Service.
Correct Answer:
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Q27: A private good is characterized by excludability
Q28: Most Americans would voluntarily support defense without
Q29: Government can deal with externalities through the
Q30: Low interest rates will persuade corporations to
Q31: There is no way that externalities can
Q33: Private ownership of rivers and lakes will
Q34: The market mechanism is more efficient in
Q35: Government gives subsidies to encourage production of
Q36: Public goods could effectively be provided by
Q37: Private goods are not excludable.
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