Answered: 2. What problems come with using…

2. What problems come with using command and control policies like regulations? talk about efficiency. use examples if needed.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 22CTQ: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are...

See similar textbooks

Related questions

Q: Regarding the problem/article below, as a professional in economics, do you think it is necessary…

A: The markets are considered to be of utmost importance for the development and growth of the…

Q: In large W/S systems, leaders provide more public goods because a.) This is the most efficient way…

A: When the selectorate is vast and the winning coalition is small, as it is in an autocracy, a leader…

Q: In large W/S systems, leaders provide more public goods bbecause a.) This is the most efficient way…

A: The selectorate hypothesis is a hypothesis of government that concentrates on the intelligent…

Q: What do you think is the best sort of public policy to deal with the following pollution problems?…

A: Let us understand the solution step by step: In economics, the pollution problem refers to problems…

Q: Watching movies with particular kinds of content (e.g. violence, coarse language, crime, sexual…

A: Watching movies that have a negative effect on audiences is a typical case of negative externality,…

Q: Mr. Saeed Ahmed loves watching sports channel on his local public TV station, but he never sends any…

A: Market failure refers to a situation in which the distribution of goods and services is inefficient.…

Q: Much of production and distribution involves the creation or the handling of things. a. . Is this a…

A: Production is a method of conversion of raw materials into finished and final good. Distribution is…

Q: Public goods is an example of a so called "market imperfection". Define and describe what…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: Adam Smith, how would a market economy accomplish that harmony about which he describes? What is…

A: The market economy is one in which the forces of supply and demand determine market price and…

Q: 7. Two towns, each with three residents, are deciding whether to put on a fireworks display to…

A: A cost-benefit analysis is a cycle used to quantify the advantages/benefits of a choice or making a…

Q: The definition that sustainable development “meets the needs of the present without compromising the…

A: Sustainable development is a term that defines the approach for developing by using resources in…

Q: The anniversary of a small town's foundation is coming up. Some citizens are considering organizing…

A: PLEASE FIND THE ANSWER BELOW.

Q: explain why negative externally creates a cost for the society and how it can be reduced give an…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Explain the PRIVATE COST and SOCIAL COST of education by using g

Q: 1: [Influence of Business on Government] Using two examples, explain when influence of business on…

A: Government in a country should perform its duty without any biases towards rich, and it should make…

Q: For each of the goods in the list below identify which good falls in each category: 1. Ice cream 6.…

A: Goods can be divided into public goods and private goods. Public goods are non-excludable and…

Q: Give an example of a public good and how the free rider problem emanates from it

A: If consumption of a commodity by one individual does not reduce the amount available for others, the…

Q: Describe the type of benefit received in each scenario. Either the scenario describes a…

A: 3 If the family receives the new Child Care Benefit Child Care benefit Service funded by tax…

Q: make a practice problemabout supply and demand curve with graph and interpr

A: Ans in step 2

Q: 85. All of the following would be government solutions to externality problems EXCEPT: a.public…

A: NOTE: Since you have asked multiple questions we will be answering only the first one, if you need…

Q: Public Policy

A: Public policies are the combinations of actions, laws, regulations, policies and several other…

Q: Which of the following is a NOT public good provided by the government? O Police protection O…

A: public goods are Non rival and Non Excludable. For example roads, Defence or police protection They…

Q: Give an example of a government law or policy that affect individuals’ religious decisions. State…

A: Government law or policy that is likely to affect individuals religious decisions has been…

Q: How do government failures provide rationale and justification for public policy?

A: In the context of public economics, government failure is defined as an economic inefficiency…

Q: A) Explain the free rider problem, and how it happens in real Use three (3) real examples.

A: Note : Since you have uploaded multiple questions , only the first question shall be answered at a…

Q: Explain the free rider problem, and how it happens in real life. Use three (3) real examples.

A: “Hey, thank you for the question. Since there are multiple questions posted, we will answer first…

Q: The Affordable care act passed by the Obama Administration initially required all US taxpayers to…

A: The Affordable Care Act (ACA) is the program that was passed in 2010. Initially, it required all the…

Q: In Malaysia, proposals to build hydroelectric dams to generate electricity have caused two…

A: 1. Here, it is given that two groups have opposite argument for the proposal to build hydroelectric…

Q: What do you see as the biggest flaw in using benefit-cost analysis to guide public policy?

A: Companies employ a cost-benefit analysis to figure out which decisions to make and which to avoid.…

Q: three key features of the public policy environment

A: Introduction A government or its institution chooses or adopts a specific and deliberate course of…

Q: 1. The Flores article is critical of the direction that the charter school movement has taken in…

A: In an economy, it can be seen that the education holds the characteristics of private good as well…

Q: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are…

A: Public goods are defined by two characteristics: Non Excludable i.e. it is costly or impossible to…

Q: cording to the narrow view of corporate social responsibility, which of the following is the y…

A: Corporate Social Responsibility: Corporate Social Responsibility is a management concept as per…

Q: Is it inevitable that government must become involved in supporting investments in new technology?…

A: In the present world, technology is the main driver of change. There has been an increasing world…

Q: Left to its own devices, a free-market economy will not result in the level of environmental quality…

A: Definition: Environmental quality is an overall term that can allude to changed attributes, for…

Q: why does the government provide tornado sirens, street lights, and lighthouses but not radio…

A: The radio stations, tornado sirens, street lights, and lighthouses are having features of no-rival…

Q: TRUE or FALSE and EXPLAIN For national defense, public parks, public schools, and public libraries,…

A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…

Q: Define and give an example of a common resource. Without government intervention, will people use…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: Which of the following would tend to make it challenging for governments to provide the correct…

A: Tax is the amount of money that government imposes on the commodity or income of an individual.

Q: 1. Describe an incentive your parents offered to you in an effort to influence your behavior.

A: An incentive is an extrinsic motivator that induces an individual to carry out or abandon a…

Q: Describe the 4 causes of market failure. Why is it safe to assume that the national defense will…

A: When markets are not able to attain an efficient outcome, the situation is called market failure.…

Question

please answer the following question

2. What problems come with using command and control policies like regulations? talk about efficiency. use examples if needed.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

In terms of the four major theories of the social responsibility of business. which one of the theories you most enthusiastically support, and why. Do you think the government should regulate social responsibility in business?
Which works best – market-based or regulatory (“command and control”) approaches?
Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street lights and light houses but not radio stations (other than PBS stations)?
what are 3 goods and services that should be provided by government? What are some of the key challenges? Please use graphs and tables to explain such as game theory table
explain how government impacts on business
The climate policy toolkit has, to-date, mostly focused on demand side policies (i.e. policies that affect the pollution demand curve), some of which are ‘command-and control’ and others are market based (e.g. cap-and-trade schemes, carbon taxes). Suppose the government decided to issue tradeable permits for a certain form of pollution, does it matter for economic efficiency whether the government allocates the permits to firms or whether it auctions them off? Why or why not?
With all the calls to de-fund police Kentucky town is the example of what can be done to reduce police interactions. Read this article and write a short thought on the economic benefits you see.
Environmental regulation was discussed for cases in which the market is unable to price risk correctly. In those cases, regulatory agencies are often tasked with evaluating risk and with administrating any regulations imposed. What does Public Choice Theory suggest might be the outcome of these bureaucratic processes in terms of the optimal level of regulation? Why?
Explain reasons in support of the Canadian Government acting as the ‘guardian of business’ and providing grocery retailers with a tax credit to help stores implement climate-friendly refrigeration and other sustainable equipment and lighting?
Give an example of a real-life situation that gives rise to externality. Explain clearly about the nature of external effect. Explain why the free unregulated outcome may be subject to problems and how the problem in this example has been or can be remedied. Answer should be kept within 200 words.
Government intervention is one possible solution for market failure. What is one possible reason why a government controlled used car market may not provide an efficient outcome?
Describe a positive or negative externality that you have observed in your life. In the example you provide, determine if the externality is positive or negative, explain why, and discuss if you feel like government intervention is present and/or needed. If so, how does (or how could?) the government increase market efficiency?