Briefly explain why the environmental protection efforts and public part beautification are unlikely to happen in a free market unless the government provides them.

Q: Which of the following is the best example of a public good in a classroom? Select one: a. anything…

A: A good that is both non rivalrous and is also non-excludable is known as public good. Users in turn…

Q: Explain which of the following cases are classified as (A, B, C, or D) : (A) Negative Externality…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Is the following good a private good, a public good, a common resource, or a club good? Explain why…

A: Rival or non-rival: Goods are classed as either rival or non-rival. A competitor good is anything…

Q: Which of the following is an example of the free-rider problem? A People who do not buy pizza…

A: Public goods are non-excludable and non-rivalry. When no one can be excluded from the consumption of…

Q: One million plastic bottles being sold every minute is a pretty stark number showing why this is a…

A: Answer) Market failures are considered as a situation in which there is inefficient distribution of…

Q: What is internal and external economics? How many types are there in the internal and external…

A:

Q: Explain in words and show in your graph the “spillover cost" that occurs if people supply labor (S)…

A: A negative externality / external cost is a type of spillover which imposes a cost on the third…

Q: Explain how each of the following work: a green tax, a subsidy, and an emissions trading system.

A: Taxes and subsidies are two important concepts used by the government to influence the production of…

Q: What is the difference between public goods and private goods? A. Public goods are available to the…

A: Public goods are defined as those goods which are both non-excludable and non-rivalrous. Users…

Q: One reason we need government, even in a market economy, is that: a. The invisible hand, while…

A: Market Economy Market economy refers to system where production of goods and services are directed…

Q: How do public television stations, like PBS, try to overcome the free rider problem? Define the…

A: The goods and services are classified under two main categories which are the private goods and…

Q: Use Production Possibility Frontier to discuss the idea of 'efficiency'.

A: Production possibility frontier refers to different combination of two commodities that can be…

Q: The following graph shows the marketfor pollution rights.a. If there are no restrictions on…

A: In a market-based economy, economic forces such as supply and demand are balanced, resulting in…

Q: Briefly explain your understanding of the tragedy of the commons

A: Since you have asked multiple questions, we have answered the first question for you. If you require…

Q: Briefly explain whether each of the following represents a pub- lic good. a. A chef salad sold at…

A: Public goods are services or commodities which tend to benefit all of the members of society and are…

Q: Is environmental pollution a failure of the free market system?

A: Yes, environmental pollution is an outcome of free market system failure.

Q: Consider the following information C= 100+0.8Y I=20 G=20 X=10 M=5+0.02Y T=20+0.1Y A. Calculate the…

A: A closed economy is one that has no trading activity with outside economies. The closed economy is…

Q: Are Yosemite and other national parks public goods? Briefly explain. A. Yes, they are public goods…

A: A public good is a good that is both, non-excludable and non-rivalrous, in nature such that no…

Q: What is the name for each of the following classes of goods, and provide two examples for each.…

A: There are four different types of goods : Private goods, public goods, club goods and common goods.

Q: Using macroeconomics, briefly describe the main economic dilemma of an economy

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: By market​ failure, the author means   A. a situation that occurs when one​ person's consumption of…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Briefly explain why environmental protection efforts and public park beautification are unlikely to…

A: Public good refers to those goods that are non-rivalry and non-excludability in nature. Non…

Q: The use of emission charges in reducing environmental pollution is becoming more prominent, largely…

A: Pollutants or polluting industries are the focus on environmental taxation when the harm is first…

Q: What is social policy?  What are some examples of social policy?

A: Social-policies are the policies that the government(G) and the legislatives make in order to bring…

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: Explain which of the following cases are classified as (A, B, C, or D) : (A) Negative Externality…

A: A positive externality may be a benefit that's enjoyed by a third-party as a results of an economic…

Q: According to Smith, when private individuals are left free to seek their own interests in free…

A: Adam Smith was said to be the Father of economics.

Q: What are the external influences on the economy?

A: External influences in the economy refer to the factors that are beyond the control of the economy…

Q: To what extent are free markets morally justified? In your answer, you may want to be clear about…

A: Argument in support of free market  A free market is an economic system in which the prices of goods…

Q: Briefly explain how climate will affect demand

A: In the market, various factors are responsible to influence demand for products and services.…

Q: Briefly explain what schumpeter meant by the concept CREATIVE DESTRUCTION by giving an example

A: Answer: Schumpeter described creative destruction as the innovation in the manufacturing process…

Q: Which of the following is the best example of a public good? Group of answer choices AT&T mobile…

A: A Public good refers to a good that is both non-excludable and non-rivalrous. For such goods,…

Q: Please explain the theory of external economies

A: Theory of external economies of scale Economies of scale takes place when average cost starts to…

Q: Draw and explain a production possibilities frontier for an economy that produces cheese and milk.…

A: The production possibility curve depicts a variety of combinations of two goods that can be produced…

Q: Do you think that there would be external effects associated with Water from a uranium mine leaking…

A: Water from a uranium mine leaking into Kakadu National Park is an example of external effect. An…

Q: What are market failures? Discuss examples of market failures. What can government do to improve the…

A: According to the concept of economic efficiency, a distribution of inputs among commodities and of…

Q: Early in the 19th century, the English scholar Reverend Thomlas Malthus published "An Essay on the…

A: Note: Sorry, Since you have posted multiple question with multiple images, I will do only first. if…

Q: Suppose households do not care much for better environmental quality. Use the demand & supply model…

A: To internalize the negative externalities of pollution, if the government imposes a tax then it…

Q: A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals…

A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Ecologists and environmentalists often consider the economy as the enemy of the environment. Please…

A: The pollution is a bad and the increasing level of pollution reduce the utilities for the…

Q: A video on YouTube is a ?   A. private good B. club good C. common pool resource D. public good

A: In the market, there are different type of products that are classified on the basis of therie…

Q: Economists argue that if you are trying to maximize net social benefits, you generally should NOT…

A: Negative externality refers to the situation when economic action of one person negative affects to…

Q: To what extent are free markets morally justified? In your answer, you may want to be clear about…

A: The markets are a distributive mechanism which would result in the allocation of the goods and…