he United States Supreme Court ha he rules that apply to speech carried public airwaves must be the same as pply to speech that is carried in prir is newspapers, because there is no s lifference between the two.
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- Next question A good or resource is excludable if ... O A. when you pay for the good or resource, you are guaranteed to be the sole consumer. em B. only the government can produce them. O C. when you consume a unit, that means there is one less for someone else. I O D. it is a common resource. O E. nobody can be excluded from enjoying the benefits of the good or resource.A local school administrator observes an increase in the number of flu cases in the public schools over the last two years. She is concerned that some families cannot afford flu vaccine and are therefore not having children vaccinated. She is also concerned that the failure to vaccinate some children is putting other children at risk, so she proposes that the state subsidize vaccines to increase coverage rates. a. Determine whether the failure to vaccinate some children is an external benefit or an external cost. If an external cost is present, move point A and point B to show the marginal social cost curve. If an external benefit is present, move point A and point B to show the marginal social benefit curve. Place point C at the equilibrium outcome. Place point D at the socially optimal outcome. Flu vaccines A B D Supply (marginal private cost) Price4
- 1. For purposes of this question, note that pecuniary externalities are not typically considered to be a standard externality. The global supply of a popular chili sauce is largely or exclusively manufactured by one factory in California. a. Suppose that when this factory opened, it purchased a large tract of land and then began buying inputs like machines and peppers from nearby firms. Further suppose these purchases caused nearby land and housing values to increase, squeezing nearby renters. Is that increase an externality the way it is usually defined? In 1-2 sentences, why or why not? b. Production of this chili sauce uses large quantities of peppers, and suppose the factory installs a new ventilation system that emits particles from pepper processing to the neighborhood, causing neighbors’ eyes and throats to suffer, and then nearby home values fall. Is that decrease in home values an externality the way it is usually defined? In one sentence, why or why not?Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they are: “nowhere necessaries of life” “objects of almost universal consumption” Why do you think Adam Smith preferred to impose a tax on luxury goods? Why do you think Adam Smith preferred a tax on ‘objects of almost universal consumption’? Note that ‘Smith’s proposal to tax sugar was not aimed at improving health’ Requirement: Demonstrate a precise understanding of Adam Smith’s meaning and intent, with the appropriate link to relevant economic concepts.F3.
- 11. Compared to a good with no externalities, a good with a negative externality will appear to have experienced a OIncrease in Supply ODecrease in Supply Olncrease in Demand ODecrease in Demand at each corresponding price...A country B monopolist sells solar panels to country A at $210, and to country C at $220 per unit. The market price of the solar panels in country B is $200 per unit. We know Group of answer choices this monopolist is not dumping this monopolist is dumping in country A this monopolist is dumping in countries A and C this monopolist is dumping in country CMINDTAP Aplia Homework: Externalities and the Environment 2. Market solutions to correct for negative externalities This problem asks you to examine the costs in the market for gasoline. The cost of consuming gasoline comes in two parts: 1. First, the driver pays the market price for a gallon of gasoline 2. In addition, other people who live in the area bear a cost because they suffer from the pollution created by consuming gasoline; this is the external cost of consuming gasoline. Because external costs result from the consumption of gasoline, the marginal social cost of gasoline exceeds the marginal private cost. The following graph shows the demand for gasoline, the marginal private cost of a gallon of gasoline, and the marginal social cost of producing and consuming gasoline. 7 Demand Ssocial ch End PgUp F11 DII PrtScn Home F2 F3 F4 F5 F6 F7 F8 F9 F10 23 24 & ) 8. 9- R T Y U D F G H J K L く 3. ollars per gallon)
- 2 The market for education confers positive externalities on society. Which of the following is an example of a positive externality that it provides? Higher quality of public institutions like government and law Subsidies for providing education Higher salary for the person earning a degree More colleges and universities X OOOO W F2 3 16 80 F3 E 888 FA R DE F % V T MacBook Air 6 Y B & 7 H tv NA 2 N 8 K M 0 W Aa zoom 0Spotify and Netflix are the services that are characterized with specific features. Based on Figure 1.1, identify the point that illustrates the specific features of goods for both services. O a. A O b. B O c. C Od. D Clear my choice Excludability → B Rivalry Figure 1.1 A D 1Suppose that a mayor of a large city believes strongly that education provides great benefits to the community andurges the state government to provide the district with more money. An economist would say that this reflects theMayor's belief that:Asince teachers are overpaid, the district needs more money to hire enough teachers for its classrooms.Bthere are positive external benefits associated with education.Cthere are nontrivial external costs associated with education.Dpublic schools provide a higher quality education than private schools.