When assessing the optimal size of the public sector, the benefits of government action   Multiple Choice   can be accurately measured using the market price of the public good.   can be accurately measured by ballot box economics.   are more easily estimated than the costs.   must often be estimated.

Q: A public good Multiple Choice о generally results in substantial negative externalities. can never…

A: Public good in economics is a good or service that is made available to all people in a society.…

Q: There are never unintended consequences of government intervention to address market failures. true…

A: In the mentioned question we have been asked whether thee are consequences of government…

Q: As it relates to a public good, nonrivalry means that: the public sector is able to provide the good…

A: A good is a public good when it is both nonrival and nonexcludable.

Q: Suggest a relevant government policy in barbados that would yield the efficient outcome and…

A: The International money (IMF) could be a non-profit organisation that works to market international…

Q: Having an outdoor arena that will host country music concerts a half-mile from your neighborhood…

A: The benefit or cost that is imposed on a third party is not incorporated into the final cost is…

Q: Aldous Snow teaches yoga classes in Central Park on Sunday mornings. Because he cannot force anyone…

A: Answer to the question is as follows:

Q: The following are examples of externalities except A Air pollution from the factory B Noise…

A: An externality is a cost or benefit associated with an activity enjoyed by the third person who is…

Q: Price E O A B Multiple Choice C Quantity S₁ Refer to the provided supply and demand graph. S₁ and D₁…

A: The socially optimal level is the situation in the market where the allocation of resources is done…

Q: The value added of a producer is the O value of its total sales once externalities are accounted…

A: Answer- Need to find- The value-added of a producer is the  Evaluating the options- 1. Value of its…

Q: Which one of these elements of the total cost of a product are not generally taken into account,…

A: An externality is a cost or benefit of an economic activity that is not reflected in the market…

Q: Refer to the figure below. This graph describes a good that:

A: There are two types of externality in economics: positive and negative. Positive externality refers…

Q: Public goods are normally produced by the government because: Response option group (a) The private…

A: Public good is non-excludable and non-rivalrous that means people cannot be stopped from accessing…

Q: Provide examples of public goods or externalities that are provided successfully by market or…

A: Public goods are defined as goods that are non-rival and non-excludable in nature.

Q: Classify each statement as a positive externality associated with education or a negative…

A: In an economy, a positive externality implies the additional benefit of an activity of an individual…

Q: If positive externalities exist in a market, then OSocial cost is than private cost OSocial cost is…

A: Answer to the question is as follows:

Q: Too much of a good or service is produced when there is a Private cost External benefit Public good…

A: Externality is the spillover effect of a good on the third party which is not the part of…

Q: A positive externality arises when a third party, outside the market transaction, fails to allocate…

A: An externality is an incidental effect or result of an industrial or commercial action that…

Q: An externality is defined as: the effect of an activity undertaken outside a building rather than…

A: Market failure occurs when the allocation of services and items by a free market is not efficient.…

Q: Public goods are BEST defined as those which possessed the characteristics of:   irresistibility,…

A: Public goods: Public goods are items or services that serve all people in society that are often…

Q: Production Costs inflicted upon a third party are negative externalities. These can be corrected b…

A: Externalities refer to the costs or benefits of an economic transaction, incurred by a third party…

Q: Select the factor that would be an example of a positive externality.          a war…

A: The objective of the question is to identify which of the given scenarios is an example of a…

Q: Differentiate between a public good and common resources.

A: In a market, one of the participants is a seller serves different types of products and resources…

Q: How does the state act in correcting externalities in a state-centered economy? By not getting…

A: Externalities are the costs or benefits that affect a party who did not choose to incur those costs…

Q: Justify the statement. True/False  Externalily affect a third person which doesn't have any…

A: An economic term known as a "externality" describes how an economic action affects a third party…

Q: True/False  Road is a type of public good

A: Public goods are goods that are both non-excludable and non-rivalrous.

Q: A negative externality is a cost associated with an action that is not borne by the person who…

A: A negative externality is a cost that is suffered by a third party due to any production or…

Q: A public good Multiple Choice O O O generally results in substantial negative externalities. can…

A: Non rivalrous is a quality of the good which is that the quantity of good does not get reduced for…

Q: An externality     is a private cost or benefit that results from the production or consumption of…

A: The externalities are the additional costs or benefits faced by the third party who is not involved…