Documents 4 THE ECONOMICS OF THE PUBLIC SECTOR. Copyright©2004 South-Western 10 Externalities.

Slide 14 THE ECONOMICS OF THE PUBLIC SECTOR Slide 2 Copyright©2004 South-Western 10 Externalities Slide 3 Copyright © 2004 South-Western Recall: Adam Smith’s “invisible…

Education Externalities

1. 4 THE ECONOMICS OF THE PUBLIC SECTOR 2. Copyright©2004 South-Western 1010Externalities 3. Copyright © 2004 South-Western • Recall: Adam Smith’s “invisible hand”…