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be beautiful be beautiful
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5 years ago

Question 1.

A homeless family is given a government subsidy for an apartment in an affordable housing project. The apartment

• is not subject to the principle of rival consumption.

• is not a public good.

• is subject to the free-rider problem.

• has widespread benefits and concentrated costs.

Question 2.

A government-sponsored good is one that

• the political process has determined socially desirable.

• everybody will receive concrete benefits from.

• everybody is willing to support with funding contributions.

• is inherently valuable.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jeromet1jeromet1
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5 years ago
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be b. Author
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5 years ago
Smart ... Thanks!
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