1.Why Government is necessary for the state to procure public goods? (Public Good Provision) 2. Explain the principle of procurement providing an appropriate amount of public goods. In the case of discrete public good procurement
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1.Why Government is necessary for the state to procure public goods? (Public Good Provision)
2. Explain the principle of procurement providing an appropriate amount of public goods. In the case of discrete public good procurement
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- 1. What characteristic of public goods makes it very difficult for private firms to provide (or provide the correct amount of) the public good? What "problem" does this characteristic lead to that generally results in the need for the government to provide the public good? Explain this "problem." 2. List 5 distinct examples of public goods.1. explain four main roles of the government in solving the insufficiency of the market 2. What is the difference between a private good and a public good?Just answer true or false 1. Mining has negative externalities 2. The social cost of putting up a dam is reduced if the government ensures that the communities adversely affected are relocated in another area with sustainable sources of livelihood 3. Fireworks display during Christmas sponsored by an agency has both positive and negative externalities. 4. When a public space has been enclosed for a concert and people can only get in by buying tickets, the public space is no longer a public good that is non-rival and non-exclusive.
- 3. For each of the following goods or services, would you classify it as a public good, a local public or club good or congestible good, or a private good (with or without externalities)? Explain your choice. Could some of them fall in one or another category depending on the assignment of property rights? • the Supreme Court • a local magistrate’s court • the interstate highway system • college education • a beach • the stars at night viewed from outdoors • the stars viewed at a planetariumWhat are the two characteristics of public goods? Explain the signifificance 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? How about satellite TV? Explain.Public goods are often thought to be goods or services that are provided by the government, but that is confusing cause and effect. What are the characteristics of a public good? Hint: Who provides the public good is not one of the characteristics.
- Question FOUR Provision of Public goods and services is a key consideration by most Governments. In the quest to provide for such goods, some goods and services such as health and education are provided directly by the government, while others are funded publicly but provided privately. What is the difference between these two mechanisms of public financing? Why do you think the same government would use one approach sometimes and the other approach at other times? Are there any efficiency and equity consideration when providing public goods? Kindly explain.A strategy for consumer 1 in the private provision of public goods model is: A quantity of public good purchases that maximises 1’s utility for each level of public good purchases of consumer 2. A quantity of public good purchases. A quantity of public good purchases for each level of public good purchases of consumer 2. The total quantity of public goods consumed by consumer 1.Think about the goods and services provided by your local government.Using the classification in Figure 1, explain which category each of the following goods falls into: a. police protection b. snow plowing c. education d. rural roads. e. city streets 2. Why do you think the government provides items that are not public goods?
- Market Failure, Public Sector and Public Choice( from chapters 7, 8 and 9) Differentiate between a public good and common resources. Explain your answer with the clear and supportive explaining reasonable idea with creative work2a) Livestock and poultry farming are some of the largest contributors of ammonia emissions. Ammonia has been shown to interact with other pollutants to form ammonium salts that negatively impact air quality and adversely impact human breathing. As a result, economists might suggest that animal products have an associated _________ externality? 2b) Draw the private cost, private benefit, social cost, and social benefit curves in the market for the animal products. If any of the curves are the same, label the curve as both. 2c) Is there market failure if the market runs freely? If so, is the socially optimal quantity of animal products higher or lower than the market outcome? 2d) Provide a policy suggestion that would help to correct any market failures that arise due to this externality. Explain why this would be effective. Can someone please help me and explain this to me please? Thank you so much in advance!!!1. Provide two examples of positive and negative externalities and complete the table: Externality Who is the third party? How is the third party impacted? Positive Example 1 Positive Example 2 Negative Example 1 Negative Example 2 2) Explain, with the use of examples, the difference between public and private goods. 3) Provide a real-world example of asymmetric information. Explain.