Consider community safety or defense meaning freedom from, Macroeconomics

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Consider community safety or defense meaning freedom from

Problem

Consider community safety or defense, meaning freedom from crime and threats, to answer the following questions.

a. What sort of good is community safety?

b. If you lived in a place with no government funded police force, would you expect community safety to be oversupplied or undersupplied?

c. Suppose that some neighbors get together and organize a block watch group. What term do economists use to describe someone who lives in the neighborhood but chooses not to volunteer as part of the block watch?

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Macroeconomics: Consider community safety or defense meaning freedom from

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