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Answer the following questions: 1. What are the 4 types or classifications of Goods? 2. What is excludability? 3. What is Rivalry in Consumption and

Answer the following questions:

1. What are the 4 types or classifications of Goods?

2. What is excludability?

3. What is Rivalry in Consumption and why is it important?

4. Explain the challenges of performing a Cost Benefit Analysis for Public Goods or

5. What are “Means tested programs?”

6. Explain the purpose of Automatic Stabilizers.

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