why does the government provide tornado sirens, street lights, and lighthouses but not radio stations (other than PBS stations)?

Q: Regarding the problem/article below, as a professional in economics, do you think it is necessary…

A: The markets are considered to be of utmost importance for the development and growth of the…

Q: How should individuals in society respond to government-imposed vaccinations?

A: Vaccination is a very important procedure as it attests human body to help the immune system to…

Q: You should research evidence of market failure and government intervention in the assigned country.…

A: Market failure is the situation when there is an insufficient supply of a good or service as…

Q: The speed limit on Singapore roads, even expressways, never exceeds 90 kmh, much less than the top…

A:

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: In the presence of market failure ,the argument for government intervention is only compelling but…

A: There are several types of “market failure,” which occurs when some attributes of the market prevent…

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: How does social protection, as an area of government spending, both positively and negatively impact…

A: Social protection basically refers to the government's policies and various programs to reduce…

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: Describe at least three reasons why market failure occur

A: The main reasons of Market failure occurs in the following ways:- 1.Negative Externalities:- This…

Q: The city council divides a community's residents into three groups: individual young adults,…

A: Demand is the number of products that a consumer is willing and able to buy at a given price in a…

Q: Explain why the federal government funds national defense.

A: In economics, goods and services can be classified on the basis of two characteristics of rivalry in…

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: Much of production and distribution involves the creation or the handling of things. a. . Is this a…

A: Production is a method of conversion of raw materials into finished and final good. Distribution is…

Q: In general, what are some of the tactics the government uses to correct market failure? List 3 and…

A: Since you have asked multiple questions, we will answer only the first one for you. If you want the…

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: 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: How does the problem of limited and bundled choice in the public sector relate to economic…

A: ANS In the political process, the minimal and bundled option appears to decrease economic efficiency…

Q: Why is something like clean air so difficult for the market to regulate effectively? Explain your…

A: Clean air will fall under the category of public good which is non-excludable and non-rival, which…

Q: Which of the following goods and services are considered private? Choose all that apply.   A.…

A: Private products are those whose proprietorship is limited to the gathering or person that bought…

Q: Since humans have two kidneys, you could sell a kidney and still live a long, healthy life. Given…

A: It depends on individuals,whether they will want to sell their kidneys or not. Some humans require…

Q: To start off, can you think of examples of how we have watched (or are watching) the law respond to…

A: There are two ways 1. Helps the society change with its laws 2. 2. Changes itself for a better…

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: The cost of freight ships increases, what happens to the demand for freight sailors? A) It…

A: Note: Since you have posted multiple independent questions in the same request, we will solve the…

Q: how government can help business organizations in our community

A: Business organization is an enterprise which describes the structure of the business and the goals…

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: Describe the role of government and need of it, individually, in all types of such market situations

A: In terms of economics, economists identify different major functions of government in the market of…

Q: Government intervention is one possible solution for market failure. What is one possible reason why…

A: Market failure and the role of government intervention: Market failure refers to the market outcomes…

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: Explain about the PRIVATE COST of EDUCATION.

A: Answer in Step 2

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: Externalities can be ________ by collective (i.e.) ________ action. a. enhanced // market b.…

A: Governments and establishments regularly make moves to disguise externalities, in this way…

Q: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are…

A: Public goods are defined by two characteristics: Non Excludable i.e. it is costly or impossible to…

Q: government spending

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

Q: 6. Charlie loves watching Downton Abbey on his local public TV station, but he never sends any money…

A: Given Charlie loves watching Downtown Abbey on his local public TV station, but he never send any…

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: What challenges and opportunities would arise from higher and lower degrees of government…

A: Government intervention in the market refers to the regulation of the market by the government…

Q: how does public opinion impact our society and our political system? (American government 101)

A: By its actual nature, the majority rule process prods residents to shape opinions on various issues.…

Q: Find a government regulation imposed by the Commonwealth of Virginia that addresses a market…

A: In economics, market failure is a condition characterised by inefficient allocation of commodities…