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Gale Pooley
Gale Pooley

ED34

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Lecture 33 Economic Development
Quiz 1. Can a dictator be benevolent? 2.What is the difference rival and non-rival goods? 3.What is the difference exclusion and non-exclusion goods?
Milton Friedman Spending Value Whose Whom
Friedman Matrix
Rival in Consumption? Yes No Yes No Excludable? Private Goods Common Resources Club Goods Public Goods Snickers Bar Car Pizza Satellite TV Paintings Fireworks National DefenseFish in Ocean Air Is it reduced when one person consumes? Can people be prevented from consuming?
Political Freedom Economic Freedom Limited Limited Unlimited Unlimited
www.google.com/ publicdata Is all of Africa poor?

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