One popular way governments try to ameliorate market failures is by imposing taxes or offering subsidies. These policies change prices of goods and services so that individuals ___________ the _________ environmental effects of their production and consumption decisions.

Q: Spending on a public good such as national defense does greatly does slightly does not night or…

A: Public goods are non-rival and non-excludable in nature.  Non-excludable: It implies that it is…

Q: When a government imposes a tax in a market, it allows the government to   Question 9 options:…

A: Tax imposed on the good results in same changes irrespective of on whom the tax is imposed.

Q: Consider the issue of government intervention in a market economy. Please provide brief discussions…

A: Government intervention in an economy is a talk about the presence of public power which has this…

Q: Which of the following best defines a public good? Select the correct answer below: A public good is…

A: A good is nonexcludable when it is not possible to prevent people from enjoying the benefits of the…

Q: 1.The United States and other countries have a long history of using __________.  This approach will…

A: Greenhouse gases is one of the dangerous pollutants emitted by the factories and arises due to…

Q: 8. Agreement and disagreement among economists Suppose that Jake, an economist from a research…

A: The answer is given below

Q: In an era marked by striking economic prosperity, how can recreation & leisure service professionals…

A: Recreation and leisure include activities that are helpful in refreshing body and mind and include…

Q: onsider a remote village with a limited, freely available water supply and no government…

A: An individual tends to overexploit the freely available resources. Thus, such problem is known as…

Q: When considering the loss of population in Detroit from the 1980’s on, it can be best explained by:…

A: From 1980 onwards there was immense loss of population in Detroit.

Q: A public good is one for which :     A. It is difficult to exclude people from using the good…

A: Public goods have two major characteristic :  1. Non Rivalry : Additional marginal cost is 0 or…

Q: Economists have stated that an economy has plunged to a market failure with an uptick in natural gas…

A: Market failure: Market failure is defined under neoclassical economics as a circumstance in which a…

Q: Suppose the government provides some amount of a public good, but it results in a reduction of…

A: Crowding out is the situation where the private provision  is decreases as a result of government…

Q: Explain the term public goods with examples

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

Q: A government decides that product X is a demerit good and product Y is a public good. Which policy…

A: "Correct answer is option d."

Q: Do you think that marketable pollution permits work better than corrective taxes Explain your answer…

A: Marketable permit program may be a program within which a town or government problems permits…

Q: What does the U.S. government call its policy of tax breaks for research and development? Select the…

A: The US government call it's policy of tax breaks for research and development as the Research and…

Q: Describe how government intervention affects the supply and demand equilibrium

A: Demand and supply in perfectly competitive market In perfect market competition, the market tis free…

Q: A certain simple economy has two sectors: work and play. To produce $1 of work requires $0.7 of work…

A: Most economic decision-making involves the concept of opportunity cost. Basically, what is given up…

Q: Macroeconomics is a study of economics that deals with which 4 major factors: A) Firm, government,…

A: Macroeconomics is that branch of Economics where we study the economic problems and issues at a…

Q: Suppose a political candidate criticizes a government pollution permit policy that she says lets…

A: The political candidate's argument disputes with standard economic idea because tradable pollution…

Q: Lindahl taxes charge each consumer ___________________ and result in ___________________ of a public…

A: Public goods are the goods which are non-rival and non-excludable in nature. Non-rival goods the…

Q: Assuming the government pays higher cost of production by paying wages that are higher than the…

A: As the government pays higher cost of production by paying wages higher than the market wage rate or…

Q: The federal government decides to require that automobile manufacturers install new anti-pollution…

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price

Q: Most governments are concerned about climate change. They have thus sought to negotiate an agreement…

A: Given information 3 sets of the country Rich country Poor country European Union  Rich country…

Q: Adam Smith believed that the pursuit of the public interest is also the best way to promote the…

A: Adam Smith was one of the first financial experts/economists to clarify how rational self-interest…

Q: Which of the following best completes the table above? * Effects of Roads, Canals, and Rallroads on…

A: Providing basic infrastructure facilities like roads, canals and railways stimulate economic growth…

Q: How will the imposition of the government implementing measures to combat climate change impact…

A: In a market, governement intervention refers to the situation when government tries to adjust market…

Q: If the government imposed a corrective tax that successfully moved the market from the market…

A: Tax refers to government imposed amount on a particular product which increases the per unit price…

Q: Which of the following statements regarding price-based and quantity-based policies is correct? A)…

A: Option A: Incorrect A tax on carbon is not a quantity-based policy but a price based policy. Option…

Q: discuss in detail what are‘Market failure’ within the public sector

A: A marketplace is a public meeting place where people can exchange goods and services. The most…

Q: terms of the four major theories of the social responsibility of business. which one of the…

A: 1a) Ethical Action one of the hypotheses I most enthusiastically support, and on the grounds that…

Q: Ideally, a tax system would require equal sacrifice, not of dollars, but of utility from each…

A: Taxation refers to the practice of governments levying mandatory financial obligations on private…

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

A: A declaration of presidency political activities, plans, and intentions coupled to a definite cause…

Q: Consider a public good that has 2 consumers, Dylan and Fred. Dylan’s demand for the public good is…

A: Free rider issue in the case of public goods leads to market failure i.e. inefficient allocation of…

Q: Consider the five reform proposals suggested by the authors in this special topic. Indicate why you…

A: One explanation for the health downside of the united states relative to different high-earnings…

Q: Which type of grant is usually better at increasing the quantity spent on public goods?…

A: A grant is a amount of money that is providing financial assistance or support by the government or…

Q: se a circular flow diagram to show how the allocation of resources and the distribution of income…

A: 1) A 2-percentage point reduction of the corporate income tax: Generate money from collecting income…

Q: What are public goods?…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Assume that the graphs show a competitive market referenced in the question below.   Select the…

A: In a competitive market, equilibrium is achieved at a point where demand curve intersects supply…

Q: 1. One of the key underpinnings of public choice analysis is the assumption that politicians and…

A: Public Choice Analysis studies the decision making process of public with the help of economic tools…

Q: Which of the following helps explain why Chloe is more likely to cut her lawn than the lawn in the…

A: Public goods are the goods which are non-excludable and non-rival in nature. A good or service is…

Q: Among the following cases, the opportunity cost of crowding out is the smallest when the government…

A: Crowding Out: It is an economic phenomena where it is believed that when the public sector spending…

Q: Explain briefly why the shape of the demand curve for the public good is downward sloping for HHA…

A: Public goods refer to those goods which are nonrival and nonexcludable such that one person does not…

Q: 8. Agreement and disagreement among economists Suppose that Kenji, an economist from a business…

A: In an economy, economists make their analysis on the given scenario and give some ways to deal with…

Q: Present a private market or government function that could be operated more efficiently with the…

A: To start with, competition is something which brings out the best and helps the economy in overall…

Q: When assessing the optimal size of the public sector, the benefits of government action   Multiple…

A: Public goods are those goods which are non-rivalrous and non-excludable. It means that no individual…

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: Consider the issue of public spending in health care. Please provide brief discussions  on each of…

A: Explanation- " Public production of private goods such as health care" it convey that private goods…