Explain the differences between a public good and a private good and give one example of each.

*There are 2 discussion questions. Write a 250 word response for each one and include Bible Integration and references used.

Discussion Question 1: (1) Explain the differences between a public good and a private good, and give one example of each. (2) Explain how the elements of non-appropriability relate to public goods and private goods.

Discussion Question 2: (1) Explain the differences between government purchases and government transfers, and give an example of each. (2) Explain how each affects the GDP.