Economics Identify a product
Please answe both questions no more than 250 words, these are short answer questions do not need 2-3 page answers.
1. Identify a product that you have consumed in the past couple of months and explain what makes the product a public good, based on the characteristics of a public good as defined in this week’s textbook readings.
2. Discuss two (2) reasons why the government only supplies public goods. Provide specific examples to support your response
Please answe both questions no more than 250 words, these are short answer questions do not need 2-3 page answers.
1. Identify a product that you have consumed in the past couple of months and explain what makes the product a public good, based on the characteristics of a public good as defined in this week’s textbook readings.
2. Discuss two (2) reasons why the government only supplies public goods. Provide specific examples to support your response
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