Two characteristics of public goods

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Reference no: EM138643

Q1. Least degree of confidence in an economic generalization?

Q2. What is example of propaganda?

Q3. A. Assume the consumption of a good entails rather sizable spillover benefits. How might the resulting misallocation of resources be corrected?

B. Name a good of which the consumption is accompanied by spillover benefits.

C. What are the two characteristics of public goods? Is U.S. border control a public good or a private good? Why? How about satellite TV? Explain.

Reference no: EM138643

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