People pursue ________ projects in the market and ________ projects in government

Public goods have at least one of two characteristics. What are the two characteristics?

a. collective consumption; nonexcludability b. individual consumption; nonexcludability c. collective consumption; excludability d. individual consumption; excludability

(Last Word) In response to the Great Recession, the federal government engaged in significant deficit-funded spending. What was the result of that spending over the first three years?

A. Neither economic growth nor unemployment responded as well as many economists had predicted. B. Economic growth responded in accordance with predictions, but unemployment remained much higher than anticipated. C. Economic growth remained sluggish, but the unemployment rate fell to predicted levels. D. Both economic growth and the unemployment rate responded well, reaching the fiscal policy targets set by the government.