Roads and bridges are constructed by private engineering companies yet are public goods. Distinguish between public production

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Roads and bridges are constructed by private engineering companies yet are public goods.

Distinguish between public production and public provision . Give three other examples that illustrate the distinction.

New Jersey’s gas tax, which is rising from 30.9 to 40.2 cents per gallon, is needed to support the state’s Transportation Trust Fund (TTF). The TTF funds infrastructure improvements to the state’s roadways and bridges.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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