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Question: 1. Which of the following do you consider pure public goods? Private goods? Why?

a. Wilderness areas

b. Satellite television

c. Medical school education

d. Public television programs

e. An Internet site providing information on airplane schedules

2. The US government spends about $1.5 billion for research on alternative medicine, such as herb and "energy field" therapy. Is such research a public good? Is it sensible for the government to pay for such research?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92299022

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