What distinguishes a public good from a private good? What kind of market failure is addressed when goods are publicly supplied? Why do some private goods like elementary education or public health services get supplied as public goods? In your understanding of evidence from India or other countries on educational outcomes of public schools or delivery of public health services, is public spending on education or public health a good idea, if not, why not?

Q: What characteristic of public goods makes it very difficult for private firms to provide (or provide…

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

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: Indicate whether a municipal or metropolitan level of government is better able to provide the local…

A: Goods that are public are described as those commodities which are "non-excludable" in nature and…

Q: In the face of such an shortage, where private sector buyers and suppliers could not do anything…

A: Government: It refers to the people who performs all the functions for the society. The government…

Q: Explain why public goods are not usually produced privately, and when they are, they are produced at…

A: Public goods are those goods that are non-excludable and non-rivalry. This means an individual…

Q: Why might redistribution across communities make sense for the provision of education? a-there are…

A: The correct option is c ‘there is externality associated with education’.

Q: Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why…

A: The command-and-control regulation establishes particular pollution emission limitations and/or…

Q: What is the difference between the PRIVATE COST and the SOCIAL COST of education?

A: The amount that is being paid by an individual or entity for purchasing a service or good in order…

Q: In the US, public insurers such as Medicare are forbidden by law from applying formal health…

A: (a)   Beveridge model provide health care for all citizen, and is financed by government through tax…

Q: Which of the following is NOT a feature of a public good? a. Non-excludability  b. Non-rivalry…

A: A public good is a good that is no excludable, is non rivalry in nature and is provided by the…

Q: What are public goods/services? Provide an example of a public good and say why it is a public…

A: In economics, goods are categorized into four main types on the basis of certain features. These…

Q: Explain how the characteristics of a public good lend itself to having free-rider. (please solve…

A: Public goods are those goods that are non-excludable in nature and non-rival in consumption.

Q: When people decide to buy cars, they have to decide between fuel economy and other features. It is…

A: Public goods refer to the goods which are available for all the individuals in equal quantities…

Q: Which of the following assertions regarding the economic approach is false? a. The goal of economic…

A: Economic Approach:- The index number theory method based on the notion that measured quantities and…

Q: When should a private good be produced from an efficiency standpoint?  A.When the marginal cost…

A: Private good are those goods which are excludable and rivalrous .  Example ; food and clothing.…

Q: When people decide to buy cars, they have to decide between fuel economy and other features. It is…

A: By definition public goods(G) are those goods which are non-excludable and non-rivalry in nature.…

Q: Public good is a good or service that can be consumed simultaneously by everyone and from which no…

A: A product or service that benefits everyone in a society is referred to as a "public good." Public…

Q: Name the 3 core functions of public health and describe those with the 10 essential services of…

A: A nation's public health system is a collection of all organized actions aimed at preventing…

Q: Why are public goods different than private goods? Group of answer choices Public goods are…

A: Private good: In the case of private good goods that cannot be used by every one simultaneously.…

Q: Governments sometimes provide social programs universally to everyone, and sometimes government…

A: Social Security refers to the provision of a payment that the government makes to the public in…

Q: Do you think it is possible to draw a clear distinction between private and public goods? Which of…

A: Yes , It is possible to draw a clear distinction between the public and private goods. The…

Q: Which of the following best matches the definition of a public good? O The public libray O Ice cream…

A: Public Good: Public goods are the goods that are available for all the people of the society and it…

Q: What is the economist’s definition of public goods? Why are public goods associated with market…

A: In neoclassical economics, market failure is a situation in which the allocation of goods and…

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 why each is or is not a pure public good. Where applicable, note instances where the good is…

A: Public goods are those which are non-excludable and non-rival. It means the goods are common for all…

Q: hat is an example of direct public provision of goods and services? (  ) a charity hospital funded…

A: Direct provision of goods and services is a measure being used for correcting the market failures…

Q: The figure below shows the market for higher education. The market demand curve for higher education…

A: Given:- Higher education produces positive externality and government provides $8000 subsidy per…

Q: Which of the following is a NOT public good provided by the government? O Police protection O…

A: public goods are Non rival  and Non Excludable. For example roads, Defence or police protection They…

Q: What are the characteristics of a public good?

A: In economics aspects, the public goods allude to the services and goods that are made accessible to…

Q: Explain why each is or is not a pure public good. Where applicable, note instances where the good is…

A: A good is a pure public good if the good is nonrival and nonexcludable in nature.

Q: What is the definition of public goods? Why does the private market not produce the efficient…

A: Public goods are the goods that are produced by the government and available to everyone. It has the…

Q: Describe the case made by economists for public provision of essentially private goods such as food,…

A: A private good is a product that must be purchased in order to be consumed, and consumption by one…

Q: Consider the model of a rational consumer that cares about consumption of private goods and…

A: 1. If the government imposes a tax on provision of public television, then voluntary contributions…

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: Does 'Private Cost' give impact to education cost such as tuition, university fees and anything…

A: Education generates positive externalities and expenditure done here is a kind of investment as it…

Q: Which of the following is an example of a public good? Clean air State roads O National defense…

A: Public goods are non rival and non excludable in nature. That is its consumption can not reduce the…

Q: What are public goods?  Describe its two characteristics and give an example of a public good.  Why…

A: Public goods are goods or services that are provided out of government taxation revenues. It…

Q: What are the three problems facing a government trying to determine the optimal quantity of a public…

A: The commodities that tend to benefit all members of a society and are often being provided free of…

Q: What is the free-rider problem? Why does the free-rider problem induce the government to provide…

A: Free rider problem occurs when people benefits from any goods and service without even paying for…

Q: Suppose that Hubert, an economist from an AM talk radio program, and Kate, an economist from a…

A: Meaning of Tax Imposition:The term tax imposition or the tax hike refers to the situation under…

Q: With the provision of a public good: A) Everyone who uses the good benefits from it in proportion…

A: As the name suggests, Public goods are those goods made available by the government for the benefit…