Directions: consider the following scenarios. Use what you have learned to decide if the goods and services being provided are individual, public, or…
Directions:consider the following scenarios. Use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of goods has been described and explain your answer using the definition of individual, public, and merit goods.2. While visiting relatives, you learn that your cousin attended a nearby elementary school that is supported financially by local property tax revenue.3. you see a squadron of military jets flying overhead.4. You find out that you aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communication satellite.5. Your class visits a local jail run by a private, profit-making company that detains county criminals and is aid with tax revenue.
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