a.
The question requires us to analyze the costs and benefits accruing due to the research to cure Alzheimer's disease.
a.
Answer to Problem 2CTQ
Government funding for Alzheimer's research will result in an effective treatment for the disease and boost the number of international patients seeking treatment.
Explanation of Solution
The spending of the government on research to cure Alzheimer's disease will bring the following benefits to the people:
- The proper cure will be available to the citizens of the country.
- It will increase the number of foreign tourists who will come for the treatment boosting the tourism sector.
b.
The question requires us to analyze the costs and benefits accruing due to the Hurricane recovery assistance.
- NASA’s mars exploration program.
b.
Answer to Problem 2CTQ
People who experienced the tragedy that the hurricane brought into their life would benefit from the government spending on hurricane recovery.
Explanation of Solution
The spending of the government on hurricane recovery will benefit people from the tragedy that brought the hurricane into their lives. It will cover the cost of the property they lost due to the hurricane. It will not cover the lives that were lost but economic assistance is always better as it provides something in place of nothing. It will bring people’s life to their usual normal and will help them to be a part of society again and contribute to the economy.
c.
The question requires us to analyze the costs and benefits accruing due to NASA’s mars exploration program.
c.
Answer to Problem 2CTQ
The spending on initiatives for mars exploration will assure the security of our future in light of climate change.
Explanation of Solution
The spending of mars exploration programs benefits is debatable. The programs are very costly, costing millions of dollars and the benefits seen at the present are almost negligible in present. But this does not mean that the programs are completely baseless. They are in a way to make our future safe as climate change on earth is a reality and options/substitutes of the earth are in consideration. So, though mars exploration programs are costly, their benefits are going to be visible in the coming years.
Chapter 4R Solutions
Krugman's Economics For The Ap® Course
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