! ***OPEN NOTE**** You may use your article & your notes to answer the following questions. !

***TIME LIMIT*** You will only have 10 minutes to complete this quiz!! ! How does the author dene the following terms:! !
1. Public Goods" " " 2. Private Goods" " " 3. Negative Externalities" " " 4. Positive Externalities" " " 5. Free Riders" " " 6.

Wheelan - Chapter 3 - Quiz !"#$%&'()*)+,(-.&&/)0$1*+$*2&"*%&23$&'()*)+4&

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! Short Answer Response:" ! !

! Market Failure" !

7. Why cant public goods be left to private enterprises?" " " " "

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8. In general, what is the authors point of view regarding the role of government in the economy?!