hat is an example of direct public provision of goods and services? (  ) a charity hospital funded by public donations that offers free treatment to the rural poor a mobile governme

Q: What can we do to deal with the externalities associated with public goods and common resources?…

A: Externalities can be defined as the situation in which the production or consumption might result in…

Q: Described in detail the main characteristics of public good .

A: Public goods are those goods which are freely available on the market and whose use does not affect…

Q: The south African government develops targets that pertain to healthcare and education. Which of the…

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: What is the best example of a public good? Group of answer choices Street lights Music Education…

A: A private good is a good that builds a positive externality and people must pay a price for it. A…

Q: Production in the private market is inefficient. Why? What is the condition for efficiency in the…

A: First we need to know what is Production inefficient. If a company does not produce at the lowest…

Q: Match the following with: rival and excludable, rival and non-excludable, non-rival and excludable,…

A: Basics:- Excludable vs non- excludable:  A good for which you can stop someone to use it, is called…

Q: The government is involved in providing many goods and services. For each of the goods or services…

A: This can be described as the use, utilization, or expenditure of resources, commodities or services…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Which of the following statements is false regarding a public good? Multiple Choice…

A: "Public goods are those goods which provide benefits to all members of the society and are provided…

Q: Explain how to provide an efficient quantity of public goods  Describe how the delivery of public…

A: ANSWER.1 economy have two types of commodities: public goods and private goods. A person's private…

Q: How does providing education to students provide external benefits to everyone in the community.

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: Which of the following represents a social benefit? Group of answer choices The satisfaction of…

A: Externality: - it is a cost or benefit generated for the third party by the actions of other people.

Q: Give typing answer with explanation and conclusion Which of the following policies could help…

A: Government policy alludes to a plan, or technique picked by the government to resolve a specific…

Q: What are the two characteristics of public goods? Explain the signifificance of each for public…

A: ANS A public good typically has 2 main characteristics they are as follows: Non-Rivalry : A good is…

Q: Which of the following is NOT a feature of a public good? a. Non-excludability  b. Non-rivalry…

A: A public good is a good that is no excludable, is non rivalry in nature and is provided by the…

Q: Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing…

A: The objective of the question is to understand the concept of private and social benefits in the…

Q: Which among the following is a characteristic of a public good? Select one: a. Free rider problem b.…

A: Which among the following is a characteristic of a public good?

Q: raffic Lights in Plymouth) Look at the figure Traffic Lights in Plymouth. Plymouth has 1,000…

A: The public good refers to good that satisfies two conditions: non-exclusion and non-rival.…

Q: The diagram to the right depicts the market for cough medicine in a small town. The quantity of…

A: Deadweight loss arises when less than or greater than socially efficient quantity is produced. The…

Q: A) Using demand and supply diagram, describe and discuss positive externality in production of a…

A: Positive externality of production refers to a case where the third party enjoys the spillover…

Q: Identify a market failure(air pollution or water pollution) in Trinidad and Tobago, identify the…

A: The objective of this question is to identify a market failure in Trinidad and Tobago, classify the…

Q: externality

A: The externality is a type of market failure, where cost is created by one and incurred by another.…

Q: Explain the characteristics of local public goods and outline how the efficient quantity of local…

A: A non-excludable and non-rivalrous good is referred to as a public good in economics. Users cannot…

Q: Discuss to what extent each of the following satisfies the definition of public good: Noosa National…

A: Public goods are the goods which are non-excludable or non-rival in nature. Non-excludable implies…

Q: h, and give an example for a real world public expenditure that can be justified on the basis of…

A: A positive externality is a benefit being enjoyed by a third-party due to a result of an economic…

Q: What is the socially optimal outcome?

A: Lets analyze the question.

Q: Which of the following is an example of a public good? Group of answer choices All of the other…

A: Answer: A public good is a god that is available to everyone in society. In other words, public…

Q: Explain with the aid of an example what public goods are. Explain why public goods can be under…

A: There are different types of goods in the market, one is a private good and the other is a public…

Q: Differentiate between a public good and common resources. Explain your answer with the clear and…

A: To answer the question , we need to know what is a public good and what is a common resource . The…

Q: Can anyone prevent you from enjoying the beauty of a sunset? Explain in the context of public goods.

A: Public goods are a type of economic resource characterized by two key characteristics:…

Q: Which of the following describes a defining characteristic of a public good? Select the correct…

A: Public good is non excludabe and non rivalry.

Q: A set of perfectly competitive companies produce shoes. 1 pound of water pollution (WP) is released…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: We are going to use Marginal benefit- Marginal Cost analysis to answer this question.

Q: What is the economist’s definition of public goods? Why are public goods associated with market…

A: In neoclassical economics, market failure is a situation in which the allocation of goods and…

Q: Education provides both private benefits to those who receive it and broader social benefits for the…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: According to the figure, by how much is the market a. overproducing private goods? (Click to select)…

A: This can be described as a concept that shows the graphical representation that shows the different…

Q: 1) Does the above diagram depict a positive externality or a negative externality? 2) What is the…

A: Answer; 1.   The above diagram depicts negative externality since the Marginal social cost is…

Q: discuss in detail what are‘Market failure’ within the public sector

A: A marketplace is a public meeting place where people can exchange goods and services. The most…

Q: A city currently emits 16 million gallons (MG) of raw sewage into a lake that is beside the city.…

A: A marginal benefit means the maximum amount a consumer is willing to pay for an additional good or…

Q: Question 1 A global-positioning anti-theft device installed by one car owner can produce a positive…

A: We will use concepts such as Marginal Social benefits, Marginal Social Costs, Marginal Private…