Chapter 3, Problem 16PAE

The main problem with public goods is that:   a.     They lead to depletion of resources such as stock of fish. b.     Typically, the private sector alone finds no incentive to provide them. c.     If provided, they generate economic inefficiency. d.     Exist in theory, but not in the real world.

Which one of the following is a definition of a merit good? A) Services which can only be provided by the government through taxesB) Goods which provide cear social and private benefits to consumersC) A good which can be produced by the market but would likely be under-consumedD) Goods which are beneficial in consumption but consumers are unaware of the extent of the benefitsE) Goods which are not capable of being provided by the market because they are excludable and rival Merit goods are an example of which of the following problems in economics:A) Free riderB) Principal-agentC) Tragedy of the CommonsD) Intertemporal choiceE) Excludable, non-rival goods provision De-merit goods have characteristics that if left the market mechanism, they are over consumed and impose private costs on the individual consume them, and also have wider social costs. Which of the following ways in which a government might seek to reduce consumption of of merit costs? Check all the apply A) Impose…

7. The foundation of the pyramid of social responsibility is 'Economic'.   Question 7 options:   True   False

A) Explain the free rider problem, and how it happens in real Use three (3) real examples. B) Explain what public goods are, and why public goods are provided by the government, using terms and details from the C) Supporting your answer with FACTS do you think the U.S. provides enough public goods are shout it provide more

Give typing answer with explanation and conclusion  Which of the following policies could help the government achieve the efficient outcome?   Check all that apply.   Implement tradable pollution permits   Offer a subsidy equal to the price at the efficient outcome   Offer a subsidy to consumers equal to the vertical distance between the marginal private benefit curve and the marginal social benefit curve   Offer a subsidy to producers equal to the vertical distance between the marginal private benefit curve and marginal social benefit curve   Introduce emission taxes

Please help me with these questions ASAP Contingent Valuation or State Preferences. This method is increasingly used to putvalues on environmental goods. You should study the example of safe water in Korea.(any draw backs of CV? Is there a better method?) Explain the Tragedy of the commons, what type of goods does this relate to? Property Rights (HW), Emission Prices/Fees, Permit Trading (HW)