A) How will the voters vote for putting a statue in the towns common area using the following data? (1)   Individual (2) Dollar benefits to individual (3) Tax levied on individual A $575 $300 B $275 $300 C $260 $300 D $250 $300 B) Explain using cost/benefit analysis if this is the best outcome for the town. C) Is majority rules voting actually best for society?

Q: 1) Besides raising revenue, what is the most likely goal of government that enacts a per unit tax.…

A: Hi! Thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: Question 42 Assume that the table below shows the cost/benefit schedule in a four-voter town for the…

A: The benefit-cost ratio is a profitability marker utilized in cost-benefit examination to decide the…

Q: I need help with question 2. You guys have already answered number 1.  Externalities and Tax…

A: Answer 2. An externality is a cost or benefit incurred or received by a producer that is not paid…

Q: The government wants to enact tax legislation aimed at reducing increasing discharge levels of…

A: As per given information:- Total cost of tax                         = $ 5*100 million…

Q: 18. a. b. C. d. Externalities can be enhanced // market internalized // market internalized //…

A: Externalities: These are the cost or benefits for a third party who does not agree to it.…

Q: A)  Using demand and supply diagram, describe and discuss positive externality in production of a…

A: Prices in efficient markets represent all available information about a certain stock or industry at…

Q: a. Explain in detail, the economic effects of spillover benefits. Explain why the market demand…

A: a. When the parties which are not directly involved in market transactions get affected due to…

Q: An externality Select one: a. all answers are correct b. arises when property rights don’t exist or…

A: An externality is the external cost or external benefit incurred or received by an individual who is…

Q: Economics The free-rider problem associated with a good refers to the _____ cost of exclusion. In…

A: Free rider problem refers to the economic problem where it is difficult to exclude an individual…

Q: ver the past decade China and India are two countries that have been growing faster than most othe…

A: Externalities refers to the economic scenario in which the act of consumption or production affects…

Q: DIRECTION: Enumerate 5 common public goods and services government provided with the taxes we pay.…

A: Public goods are those that are non-excludable and non-rival in utilization. The public…

Q: Externalities and Public Goods: End of Chapter Problems 7. "Internalizing" a negative externality…

A: 7) Internalizing an externality is transferring the cost of a negative externality, such as…

Q: 23 Multiple Select: Select all of the following that might be a negative consequence of using public…

A: Answer: A public good is non-rival and non-excludable in nature. One problem that arises from the…

Q: generated in a good production process, the main issue will be:   a.     That consumers will be…

A: Externality is a situation when the third party is affected by the production or consumption of a…

Q: A) Using demand and supply diagram, describe and discuss positive externality in production of a…

A: Positive externality of production refers to a case where the third party enjoys the spillover…

Q: one argument in favor and one against school vouchers

A: A school voucher is a government-issued certificate. It allows parents to pay for their children's…

Q: ____________ includes both the private costs incurred by firms and also the (external) costs…

A: Private cost is the cost incurred by the firm on the production of goods. This cost includes the…

Q: The government wants to enact tax legislation aimed at reducing increasing discharge levels of…

A:

Q: Consider an economy which is heavily dependent on  tourism.  To boost tourist revenue, the…

A: The markets are the place where the buyers and the sellers of the products interact with each other.…

Q: Consumers that take advantage of a public good without having to pay for it are known as A Tax…

A: please find the answer below.

Q: QUESTION 3 Which of the following has been the primary focus of economists in their analyses of…

A: Public economics is a branch of economics that studies public administration.

Q: Distinguish between a carbon-tax and a cap-andtrade strategy for reducing carbon dioxide and other…

A: A carbon fee is a carbon emission pricing tool. It is considered to be one of the most pivotal and…

Q: Which of the following would be considered a negative externality?   Question 7 options:   You are…

A: Answer: Coke is considering a new line of lite beverages.  If Coke goes ahead with this investment,…

Q: The government is imposing an industrial pollution tax in an attempt to reduce carbon emissions. The…

A: Given: Annual cost to each company = $50 million Number of companies = 5 Hence, total annual cost of…

Q: Market imperfections abound in Canada, brought about by externatilities. If there are external…

A: Imperfection in a market refers to the situation when there the market is operated at an inefficient…

Q: Question THREE Some reasons why resources could be allocated inefficiently by the market are…

A:

Q: The four categories present potential responses to environmental problems. Place each response in…

A: Command and control approach directs the environmental policy that has been imposed. It displays a…

Q: Classify each statement as a positive externality associated with education or a negative…

A: In an economy, a positive externality implies the additional benefit of an activity of an individual…

Q: The above table shows the benefit to each voter if an issue passes. The cost per voter of the issue…

A: The majority rule is a choice rule that chooses options which have a majority, that is to say, the…

Q: In extremly large groups( like that of country or state), tough bosses ( leaders) can help overcome…

A: Free rider problem refers to a situation where the people tend to enjoy the benefits(of…

Q: Considering the elements in the external environment, it is correct to say that ______.   Question…

A: An external environment is a set of factors or circumstances that exist outside of the organisation…

Q: It's important to note that sometimes private solutions to externalities do not work. For example,…

A: People who are not directly involved in the transactions are frequently impacted by the consumption,…

Q: Multiple Select: Select all of the following that might be a negative consequence of using public…

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

Q: Answer the question on the basis of this table showing the marginal benefit that a particular public…

A: Over-allocation refers to the case where production and consumption are more than the optimum…

Q: Production Costs inflicted upon a third party are negative externalities. These can be corrected b…

A: Externalities refer to the costs or benefits of an economic transaction, incurred by a third party…

Q: 1. We have a population of 3, they have the following benefit curves (TB): TB¹ = 3q - 2q² TB² = 2q -…

A: Total Benefit refers to the benefit that a certain public or private good gives or offers to its…

Q: The government can force you to sell your personal residence to them for fair market value…

A: Answer - The law of eminent domain comes Under the "Taking clause " of the fifth amendment  .  which…

Q: Externalities can be ________ by collective (i.e.) ________ action. a. enhanced // market b.…

A: Governments and establishments regularly make moves to disguise externalities, in this way…

Q: Multiple choice question Which of the following is TRUE of median voter outcomes? a. They are…

A: Which of the following is TRUE of median voter outcomes? a. They are socially efficient. b. They are…

Q: The government has decided to impose a pollution tax on coal burning power plants in an attempt to…

A: please find the answer below.

Q: A tax on water pollution is proposed for four factories in a manufacturing town of 110,000 people.…

A: To put it another way, taxes are forced contributions placed on individuals or businesses by a…