Chapter 30 - Public Goods and Public Choice
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4 Terms
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civic externalities
The ________ are where citizens in a democratic society make collective decisions by voting in elections, and each citizen must live with these decisions.
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benefits of consumption
The ________ are confined to the person who buys the goods.
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Education
________ is a private good that generates external benefits.
4
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median voter rule
A** ________** is the choices made by the government that will match the preferences of the median voter.
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