Complete each of the following sentences: a. Goods that are nonrival and nonexclusive are known as .

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Complete each of the following sentences: 

a. Goods that are nonrival and nonexclusive are known as .

b. are cash or in-kind benefits given to individuals as outright grants from the government. 

c. A(n) confers an external benefit on third parties that are not directly involved in a market transaction. 

d. refers to the government’s pursuit of full employment and price stability through variations in taxes and government spending.

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