1. What are the externalities associated with public health? What is a public good, and why is health an example? Why must governments invest in health?2. Do health and education promote economic...

1. What are the externalities associated with public health? What is a public good, and why is health an example? Why must governments invest in health?2. Do health and education promote economic development? What are the identification challenges in answering this question?3. How does Richard Werner’s bank centered growth model explain the rise and fall of the Japanese economy (remember keep your answer brief)?