What is a public and private good

Reference no: EM133363806

Questions: Please read the matbrial and answer in complete sentences. Use economic terms when needed. Please complete the lesson before you attempt this. The podcast is in the lesson. \

1. What is a public good? Give 2 examples

2. What is a private good? Give 2 examples.

3. What is a positive extemality? Give an example.

4. What is a negative extemality'? Give an example.

5. lvlalre sure you have listened to the Planet Money Podcast for 21.13. What are 2 goods the government should provide according to the podcast and why {using economic terms] would they need to provide these things?

Reference no: EM133363806

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