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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Explain why the federal government funds national defense.

To determine

The reason for the funding of federal government to the national defense is to be determined.

Explanation

The national defense is the facility or service provided by the government in the form of protection to the people and is a public good which means all are included and there is no reduction on use by one person. Now, if suppose the government is not providing this facility then it will be provided by the private companies which will charge for the same...

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