What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision. What is the free-rider problem as it relates to public goods? Is U.S. border patrol a public good or a private good? Why? What type of good is satellite TV? Explain and discuss The income elasticities of demand for movies, dental services, and clothing have been estimated to be +3.4,+1.0, and +0.5, respectively. Interpret these coefficients. What doe a negative income-elasticity coefficient mean? Explain and discuss