Chapter 30 - Public Goods and Public Choice

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4 Terms

1

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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2

benefits of consumption

The ________ are confined to the person who buys the goods.

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3

Education

________ is a private good that generates external benefits.

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4

median voter rule

A** ________** is the choices made by the government that will match the preferences of the median voter.

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