Present a private market or government function that could be operated more efficiently with the introduction of competition and explain how this could be accomplished.

Q: Please give the stages of public policies

A: Following are the stages of public policies:

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: Role Of Governmen

A: In an ‘economy’, the ‘private sector’ accounts for the biggest ‘money making sector’ of the economy.…

Q: Explain the function of government below. Alteration of the structure of private production

A: Alteration of the structure of private production. It is very important for government to understand…

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: describe the four different categories of legislation based on the distribution of costs and…

A: The four categories of legislation are based on concentrated and widespread costs and benefits.…

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: Explain the measures used by the government to correct each of the following sources…

A: In a free economy, the  equilibrium price and quantity is determined by the forces of demand and…

Q: How can the government accelerate the economic performance of its leading businesses or industries?

A: Economic growth models are designed to show how growth in capital stock, increase in the labour…

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: According to free-market economists: a. when capital goods are allocated by the market, they will…

A: The free-market economist believes in minimum or no intervention in the production distribution or…

Q: Do you believe economic principles, like competition, apply in both private and public…

A: There will be more advantage and disadvantages to the organisations that get from maintaining the…

Q: Market imperfections abound in Canada, brought about by externalities. If some activity creates…

A: Market imperfection occurs when an economic market does not meet rigorous standards of the…

Q: free rider problem?

A: The free rider problem is an economic concept of market that failure occurs when people are…

Q: What is market failure, and what kinds of things can lead to market failure?  What is government…

A: Market equilibrium is a situation where the market forces balance and there is efficient allocation…

Q: Categorize the challenges which may prevent agriculture from being a viable sector in the Caribbean.

A: Presentation There keeps on being the acknowledgment that agro-mechanical turn of events, even at…

Q: Match the following: the property of distributing economic prosperity uniformly among the members of…

A: 1)The property of distributing economic prosperity uniformly among the members of society-equality.…

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: Do you believe economic principles, like competition, apply in both private and public…

A: The competition is the main feature that keeps the economy active and encourages the research and…

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: 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 privatization of public enterprise will lead to efficient management of resources in the…

A: Inductive reasoning is a technique for arriving at conclusions by moving from the specific to the…

Q: public good, a private good, a natural monopoly good, or a common resource, and explain your…

A:

Q: What is the relation between the government and the production process?

A: Government has complete command on the production process and organizations. As it sets rules, laws…

Q: Discuss the market failure which justifies government involvement in the economy

A: Market failure can be understood as a situation where resources are not utilised efficiently or in…

Q: The idea that contact with others with high levels of human capital increases ones own human capital…

A: Meaning of Human Capital The term human capital refers to the situation under which an individual…

Q: Common resources area. efficiently provided by market forces.b. underprovided in the absence of…

A: Common resources are non-excludable but rival in consumption. Everyone accesses the common resources…

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

A: When individuals in a group end up worse off than they would have been if they had behaved in their…

Q: Why does private ownership tend to be more effecient and productive than collective ownership?

A: Private ownership is when the cost of maintenance, the right to sale or purchase the good or the…

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: Market Economies and private enterprises replaced state-controlled economies and services. True…

A: An economy which is governed by the free forces of demand and supply is called market economy.…

Q: The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms…

A: Public goods are those goods which are freely available on the market and whose use does not affect…

Q: Discuss if state ownership is the right ownership for efficiency

A: A State Owned Enterprise (SOE) is a body framed by the public authority through legal means with the…

Q: Give 5 examples of business that can help solve the societal problems.

A: The face of today's societal issues is shifting swiftly. Even if we've made great progress, many…

Q: Do you believe complicated principles, like competition, apply in both private and public…

A: Competition is a situation under which the various economic firms attempt to obtain a share of the…

Q: Differentiate between a public good and common resources.

A: In a market, one of the participants is a seller serves different types of products and resources…

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: Read about Market Integration and narrate a history of global market integration in the twentieth…

A: The continued development of technology and communication led to greater dissemination of…

Q: What are the types of market failure

A: Market Failure refers to inefficiency arising in the free market due to distribution of goods and…

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: Explain the measures used by the government to correct each of the following sources of market…

A: Market Failure refers to the inefficiencies in the distributions of goods and services in the…

Q: government spending

A: Government spending- government purchases the goods & services to use them efficiently for the…

Q: When economists look for some explanation for government provision, we want to find some kind of…

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: Propose TWO sustainable ways in which businesses could assist the schools to ensure that school…

A: Businesses could come up with innovation which would increase the sustainability of schools.

Q: Is there a free rider problem (market failure) associated with education in the United States and…

A: The free rider issue is a financial idea of a market disappointment that happens when individuals…

Q: explain how government impacts on business

A: In a mixed economy or centrally Planned economies the role of the government is important in…