What are the effects of government intervention in the market?

Q: The residents of a complex in a Johannesburg suburb are being disturbed by the noise and activity…

A: Market failure may be a state of affairs wherever free markets fail to allot resources with…

Q: a)Some advocates of anti-poverty programs claim that fighting poverty is a public good. Explain what…

A: a, The public goods are those goods which have the two basic features of non-excludability and…

Q: Explain a positive and negative externality that you have recently consumed. Please relate your…

A: A benefit or a cost which is imposed on a third party, who has not agreed to bear the cost or…

Q: What is the difference between government regulation and government intervention in the market?

A: Market: In economics, the word market refers to the physical or the virtual place where sell and…

Q: what is the theory of public choice

A: In economics, there are various theories studied by an economist to know the role of different…

Q: The chart above shows the market for polio vaccine in Pakistan. This vaccine provides external…

A: a. If there is a competitive market and no government intervention, then the amount will be…

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: 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: When the government provides free and reduced lunches to low-income students, it is addressing which…

A: When the price mechanism in turn fails for accounting of all of the benefits and costs that are…

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: An externality is Select one: a. the uncompensated impact of one person's actions on the well-being…

A: There is cost and benefit associated with every activity.

Q: Market failure can be caused by Select one: O a. externalities and market nower

A: Market failure is when the automatic mechanism of demand and supply equilibrium fails to establish…

Q: What is a market failure

A: Definition of Market Failure In the free market, market failure is characterized as an inefficient…

Q: How significant is the market failure?

A: In the theory of economics, market failure defined to be the situations when free-market allocation…

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: Which of the following are public goods? a. Air bags b. Pencils c. Cycle helmets d. City…

A: Public goods have two essential features which are non-rival and non-exclusion. 1) Non-rival –…

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: What are externalities? How do they create a less than optional level of production in society?…

A:

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: How external cost affect supply and demand

A: External cost:- These are those cost or benefits that effects a third party apart from buyer and…

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: externalities

A: ‘Externality’ is a cost or benefit that a person or a community receives but they have no control…

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: Which of the following is NOT an example of government intervention in the market? a. Corporate…

A: When markets allocate resources inefficiently, governments intervene in the market. Resources are…

Q: Identify a type of market failure. Provide an example of that type of market failure and briefly…

A: Market failure results when free market fails to produce socially efficient quantity.

Q: How do government failures provide rationale and justification for public policy?

A: In the context of public economics, government failure is defined as an economic inefficiency…

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

A: Legislation, direct provision of merit goods and public goods, taxation, subsidies, tradable…

Q: Why do producers have more interest in government regulations than consumers do?

A: Government regulations are those laws and rules which are used for placing limitations on businesses…

Q: What are three reasons that a government might want to intervene in markets?

A: Government interference is government legislative action that aims to alter the decisions taken…

Q: Provide examples and/or latest news or updates of the law and supply and demand

A: The economies around the globe tend to operate with the help of the markets. The markets are for…

Q: (b) An art museum is a good example of a public good that is best provided through government…

A: A product or service that is made available to all members of a community is referred to as a public…

Q: Identify at least one positive and negative externality from running a hamburger shop.  What is one…

A: Externalities means a situation where production or consumption of a good by a person effects other…

Q: How does the external cost affect the supply and demand of market goods in terms of price and…

A: External cost is the cost incurred as externality cost upon the consumption or production. For…

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: Two reasons for a government to intervene in a market are to

A: In a free market, the forces of market demand and supply determine the equilibrium level of price…

Q: What is public goods!

A: Public sector is that section of the economy wherein all the enterprises are owned and controlled by…

Q: Help me understand the consequences of the market failure

A: Answer: Market failure appears when the attainable outcomes are not achieved, it is a situation…

Q: Use the diagram below to answer the next three questions.    What price and quantity will the firm…

A: The concept of externality is very important as it covers the widely required concept of…

Q: What is the 'private cost' of education?

A: When we are considering private costs or private benefits, we shall ignore the externalities.

Q: Some economists claim that early child care generates an external benefit to society. Use the below…

A: The externality is said to be created when an individual or a firm produces or consumes a good that…