- Explain the difference between positive and normative economics. Give a real-time example of each that you found in doing some outside research.
- After doing some additional research on your own along with the assigned reading on public goods, answer the following questions:
- What are the two main characteristics of this type of good?
- What is the biggest “problem” with allocating public goods?
- Do you think the government should have a role in allocating public goods, or should goods be privatized?
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