Some public goods are local, spilling out to residents of small areas; others are national, benefiting an

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Some public goods are local, spilling out to residents of small areas; others are national, benefiting an entire nation; some are global, affecting all nations. A private good is one whose spillover is negligible. Give some examples of purely private goods and of local, national, and global public goods or externalities. For each, indicate the level of government that could design relevant policies most efficiently, and suggest one or two appropriate government actions that could solve the externality.
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Economics

ISBN: ?978-0073511290

19th edition

Authors: Paul A. Samuelson, William Nordhaus

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