Markets will always create more efficient outcomes without government intervention. true or false

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: onfucius is a "laissez-faire" thinker--this implies an absolute--that government must never regulate…

A: Businesses are legal entity that is incorporated to earn profits.

Q: True/False Provision of public goods is the same as public production

A: # Public goods are the goods which are produced for the society as a whole. They can be used by…

Q: If the primary objective of government programs in each of these areas is the alleviation of some…

A: Governments around the world put efforts to make an economy work efficiently, for that they…

Q: There are never unintended consequences of government intervention to address market failures. true…

A: In the mentioned question we have been asked whether thee are consequences of government…

Q: Why does high compensation (wages) with little or no output from the worker is bad for the economy?…

A: Wage: The term wage refers to the remuneration that is paid to workers against their work. In most…

Q: The government addresses market failures when it enforces property rights. True or False

A: Externalities refer to the cost or benefit of an economic transaction on a third party who is not…

Q: Suggest a relevant government policy in barbados that would yield the efficient outcome and…

A: The International money (IMF) could be a non-profit organisation that works to market international…

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: When people take more risks because they know that they are protected from the costs of their…

A: Meaning of Market Failure: The term market failure refers to the situation under which there…

Q: Unlike in other countries, the NSW Government has a 'minimum living standard', and does not allow…

A: The Government of New South Wales have initiated some standard changes in some policies of their…

Q: Is market failure either necessary or sufficient for government intervention

A: Market failure refers to a situation when the allocation of goods or services by the forces of free…

Q: Which of the following is a positive externality from education? a.Better-educated people make…

A: Positive externalities are the beneficial side effects arise out of producing or consuming some…

Q: What are the reasons for public failure

A: Public failure could be a result of various reasons, that has been explained as follows

Q: In free market (liassez-faire) system, the price mechanism dicates the production planning (how to…

A: The given statement “In free market (laisses-faire) system, the price mechanism dictates the…

Q: The private market for education can be considered a market failure because it leads to a price of…

A: Externality refers to the effect of consumption or production of a good on the third party. There…

Q: Note : please don't copy from other sources   Which of the following is an example of market…

A: Public goods create market failure because a country cannot define the tax that each individual…

Q: There are never unintended consequences of government intervention to address market failures. True…

A: In a  free market, price is determined by pure market forces of demand and supply. Equilibrium price…

Q: Define Public Policy according to Laswell

A: Lasswell had an effect on Political Science in the area of Policy, particularly Public Policy and…

Q: Free-market environmentalism has the potential to improve environmental outcomes     A.…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: An externality arises when one economic agent's actions affect the welfare of others in ways that…

A: There are two externalities that can be considered here, either it can be positive externalities or…

Q: Which of the following is not an example of a free rider problem? Select the correct answer below:…

A: Public goods are those goods which are non-rivalrous and non-excludable. Free rider refers when…

Q: The production possibilities curve shows the tradeoff between housing and all other goods. a. If the…

A: PPC stands production possibilities curve which describe the possibility of production with given…

Q: Factors leading to government failure Answer Bank The United States uses a graduated tax system.…

A: The answers are -  Politicians often want to keep constituents happy more than they want to correct…

Q: Markets may have difficulty providing the proper quantity of a public good because individuals will…

A: Public good : Public goods are those goods that are available free of cost that are non-excludable…

Q: Government failure occurs when a government's attempt to correct a market failure has unintended…

A: The markets are the place where the buyers of the goods, and services interact with the sellers,…

Q: Evaluate the arguments for government intervention in the markets.

A: Government interventions refer to the interference of the government in the market. This is…

Q: E-government is particularly significant for the economy from a commercial perspective since it…

A: E-government can refer to anything from "online government services" to "the electronic exchange of…

Q: Knowledge creates positive externality; therefore, governments should intervene in the education…

A: Positive externality occurs when the consumption or production of a good causes a benefit to a third…

Q: A lighthouse, or terrestrial television, are considered to be examples of public goods (or services)…

A: The economics as a study is based upon the idea that the economies around the globe have a limit to…

Q: Government intervention is required in the case of a public good because everyone can use the good…

A: A public good is a product or service that is available to all members of a society, according to…

Q: Considering the Human Right to Adequate Food, should “healthy” food be made available to all, free…

A: Public Goods are  those  goods which are provided through budget without profit consideration and…

Q: Environmental NGOs include (select all that apply):  Group of answer choices Nature Conservancy…

A: Basics:- The Nature Conservancy :- An environmental organisation of Virginia, USA founded 1951.…

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: Why does government intervention become necessary in the situation of market failure?

A: Market failure is an economic situation wherein the goods and services in an economy cannot be…

Q: policies government can have in place  to increase perfect competition in the market

A: Perfect competition is a market system in which all producers and consumers have complete and…

Q: Loggers are much likely to supply wood to the market if property rights are enforced. In the…

A: Economic efficiency is the point at which generally merchandise and figures of creation an economy…

Q: why environmentalists consider economics as enemy of the environment?

A: Economics refers to the subject where allocation and distribution of scarce resources of the economy…

Q: Suppose Fischer Pond is a common-property resource—anyone can fish without having to pay for access.…

A: Common property resource are the natural resources which are owned and managed by the community or…

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: Which of the following might help to solve a free-rider problem? Select all that apply: using the…

A: Free riders refer to a group of people who enjoy public goods or common resources without paying…

Q: In the real world it is governments the case that all the conditions for markets to be efficient…

A: Since all three are different questions, we will answer the first one only. Please resubmit the…

Q: Markets work; government does not. Explain your answer.

A: Market is a physical place where buyer and seller meet to sell goods and services. Market works…

Q: What is the meaning of market response and data release in market consensus  Give an example of each

A: Market response Market response models are designed to assist academics and managers in better…