BuyFindarrow_forward

Principles of Economics 2e

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

Solutions

Chapter
Section
BuyFindarrow_forward

Principles of Economics 2e

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

Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government.

To determine

The examples of goods/services which can be classified as private goods/services although provided by the federal government are to be determined.

Explanation

The term is quasi-public goods/services for those which are considered as private goods but are provided by the federal government. Such kinds of goods are excludable but non-rival in nature.

The two examples for such kind of quasi-public goods/services are:

  1. Toll roads: These services are although provided by the government but the people taking benefit of it has to pay some money for using it which makes it excludable. Moreover, they are non-rival as use of toll roads by one does not lead to reduction for others...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Explain why an economys income must equal its expenditure.

Brief Principles of Macroeconomics (MindTap Course List)

Describe CPA WebTrust.

Pkg Acc Infor Systems MS VISIO CD

What is a firewall?

Accounting Information Systems

Identify three types of businesses according to activities.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

INCOME STATEMENT Hermann Industries is forecasting the following income statement: Sales 8,000,000 Operating co...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)