Question 9 Which of the following is not true about Lindahl pricing? a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change. O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain. O. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences. O d. t is an idealized but impractical way to determine equilibrium in a market for public goods.
Question 9 Which of the following is not true about Lindahl pricing? a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change. O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain. O. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences. O d. t is an idealized but impractical way to determine equilibrium in a market for public goods.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 16P: Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers....
Related questions
Question
Please solve 9
![Economics
Question 9
Which of the following is not true about Lindahl pricing?
O a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change.
O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain.
O C. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences.
Od. It is an idealized but impractical way to determine equilibrium in a market for public goods.
Question 10
Which of the following explains "market failure" (or non-viability or the "death spiral") of some insurance markets?
O a. consumption-smoothing.
O b. moral hazard.
Oc. adverse selection.
O d. reduced levels of "self-insurance."
O e. diminishing marginal utility or benefit.
Question 11
The debt ceiling disputes that arise in the U.S. Congress over whether to raise the ceiling to allow more borrowing and spending could arise from widespread
acceptance of
O a. Arrow's Impossibility Theorem.
O b. direct democracy.
Oc the theory of size-maximizing bureaucracy.
O d, the median voter model
O e. Leviathan theory.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fff1331df-41a4-4960-a4b3-b98cb7d30946%2F61982cd3-d8ca-4ffc-b3cc-a0d784ee964a%2Fcflypt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
Question 9
Which of the following is not true about Lindahl pricing?
O a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change.
O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain.
O C. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences.
Od. It is an idealized but impractical way to determine equilibrium in a market for public goods.
Question 10
Which of the following explains "market failure" (or non-viability or the "death spiral") of some insurance markets?
O a. consumption-smoothing.
O b. moral hazard.
Oc. adverse selection.
O d. reduced levels of "self-insurance."
O e. diminishing marginal utility or benefit.
Question 11
The debt ceiling disputes that arise in the U.S. Congress over whether to raise the ceiling to allow more borrowing and spending could arise from widespread
acceptance of
O a. Arrow's Impossibility Theorem.
O b. direct democracy.
Oc the theory of size-maximizing bureaucracy.
O d, the median voter model
O e. Leviathan theory.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Principles of Microeconomics](https://www.bartleby.com/isbn_cover_images/9781305156050/9781305156050_smallCoverImage.gif)
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Principles of Microeconomics](https://www.bartleby.com/isbn_cover_images/9781305156050/9781305156050_smallCoverImage.gif)
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Microeconomics](https://www.bartleby.com/isbn_cover_images/9781337617406/9781337617406_smallCoverImage.gif)