Economics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280595
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Question
Chapter 15, Problem 2DQ
To determine
The public goods that are provided by the local government.
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Compare and contrast private and public goods. Give an example for each kind of good.
What are public and private goods?
Mr. Saeed Ahmed loves watching sports channel on his local public TV station, but he never sends any money to support the station during its fund-raising drives.
What name do economists have for people like Mr. Saeed Ahmed?
b. How can the government solve the problem caused by people like Mr. Saeed Ahmed?
c. Can you think of ways the private market can solve this problem? How does the existence of cable TV alter the situation?
Chapter 15 Solutions
Economics: Principles and Policy (MindTap Course List)
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Similar questions
- What are public goods/services? Provide an example of a public good and say why it is a public good/servicearrow_forwardWhich of the following is an example of a public good? A. Movie Theater B. Tacos C. Natural History Museum D. None of the abovearrow_forwardWhat do you see as the biggest flaw in using benefit-cost analysis to guide public policy?arrow_forward
- Which of the following is the best example of a public good in a classroom? Select one: a. anything that is provided free by the government b. a copy of the textbook c. a student's notes d. the temperature in the room e. a pencilarrow_forwardPlease indicate which of the following is or is not a public good: 1. A public swimming pool at the local recreation center. 2. TikTok videos. 3. Any good that has positive externalities. 4. The children's play area at your local mall.arrow_forwardAnswer this for me mate. Much appreciated.arrow_forward
- Explain the difference between pure public goods and pure private goods.arrow_forwardImagine you are working as a climate advisor to the federal government and they want to craft a bill to drastically reduce methane emissions in America. Which of the following policies would you recommend to them as the most effective in reducing methane? a. federal and state funding being directed to the western states for large scale forest management and fire prevention b. incentive programs to reduce meat production and consumption, while additionally subsidizing alternative diet options c. a nationwide waste management program focused on composting organic material to divert waste from landfills d. incentivizing solar panels to allow for affordable renewable energy that is competitive with market pricing for energy]arrow_forwardAnswer this for me mate. Much appreciated.arrow_forward
- Which of the following is NOT a feature of a public good? a. Non-excludability b. Non-rivalry c. Always provided by the free market d. Generally provided by the governmentarrow_forwardWhich of the following statements about public goods is true? Public goods are more important economically than private goods. It is difficult or impossible to exclude people from the consumption of a public good even if they do not pay. The incentive of private producers to supply public goods is weak. a. I only b. III only c. II and III d. I, II, and IIIarrow_forwardHow does public sector spending effect the economy and the businesses within?arrow_forward
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