What is the specific market failure justification for government spending on (a) public universities, (b) health care,
Question:
What is the specific market failure justification for government spending on
(a) public universities,
(b) health care,
(c) trash pickup,
(d) highways,
(e) police, and
(f) solar energy?
Would a purely private economy produce any of these services?
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a Government spending on public universities can be justified based on the external benefit of a more educated workforce and populace This is especial...View the full answer
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
Question Posted:
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