Which of the following is an example of a public good? Group of answer choices All of the other three answers university education police hospital care

Q: Which of the following is an example of an externality? (x) cigarette smoke that permeates an…

A: Externalities are important concepts in economics, representing the unintended side effects or…

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: Choose a program or service that is provided by government.  Try to choose a unique example that has…

A: The above questions have been answered below.

Q: Which of the following is an example of the free-rider problem? A People who do not buy pizza…

A: Public goods are non-excludable and non-rivalry. When no one can be excluded from the consumption of…

Q: Externality is a problem that create market failure. How the externalities can be internalized to…

A: Externality causes market failure.Externality may be positive or negative and its effect causes…

Q: What are externalities; and how the government can fix it

A: Externalities allude to the unintended or spillover impacts of an economic movement or decision on…

Q: why do externalities make market outcomes inefficient?

A: A third party, who is not directly related with the exchange or production of goods and services…

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: Which of the following is an example of a public good? A. Movie Theater B. Tacos C. Natural History…

A: Answer: A public good is good that is both non-excludable and non-rival. Natural History Museum (if…

Q: What is the concept of a negative externality in economics? A. A benefit received by individuals who…

A: The idea of a negative externality in financial matters is fundamental to understanding what…

Q: What are public goods/services? Provide an example of a public good and say why it is a public…

A: In economics, goods are categorized into four main types on the basis of certain features. These…

Q: How would an economist answer the question: "What is the socially best amount of pollution control?"…

A: The socially best amount of pollution control will be at the point or amount where the net benefits…

Q: Possible methods for avoiding the externalities in a free-market economy?

A: An externality refers to the benefits or costs which are caused by yhe producers but are not…

Q: Which of the following is an example of a public good? a delivery truck national defence O milk a…

A: Public good refers to a good which is non excludable and non rival.

Q: What are the reasons for public failure

A: Public failure could be a result of various reasons, that has been explained as follows

Q: Which of the following best matches the definition of a public good? O The public libray O Ice cream…

A: Public Good: Public goods are the goods that are available for all the people of the society and it…

Q: Imagine that a town of 200 people is trying to decide whether to pay for mosquito control. The town…

A: An individual's willingness to pay explains his satisfaction that he is expecting to have from a…

Q: I'm struggling with this question, I have an understanding of what negative externalities are, but…

A: An externality is a cost or benefit to a third party who has no control over how the cost or benefit…

Q: In response to increasing concern about man made climate change, there have been a number of policy…

A: The problem of environmental degradation occurs (pollution) due to the human economic activities and…

Q: Externalities Do you think that there would be external effects associated with Water from a…

A: A sense of belonging to a community and making a contribution to society is referred to as social…

Q: Which of the following is the best example of a good or service that would be considered non-rival…

A: The goods and services are classified under two main categories which are the private goods and…

Q: Offer an example of a good that has become a public (or quasi-public) good due to technology.…

A: A public good refers to a good that is non-rival and non-excludable in nature. For example, roads,…

Q: Which of the following phenomena is NOT an example of market failure? a. A positive externality. b.…

A: In an economy, market failure refers to the Ayia whe any of the trading party will get unfair share…

Q: Which of the following is the best example of a public good? Group of answer choices AT&T mobile…

A: A Public good refers to a good that is both non-excludable and non-rivalrous. For such goods,…

Q: What is a public good? What are its two defining characteristics? Provide an example.

A: Public good are associated with the problem of Free Rider in which the people who do not pay for the…

Q: What do you see as the biggest flaw in using benefit-cost analysis to guide public policy?

A: Companies employ a cost-benefit analysis to figure out which decisions to make and which to avoid.…

Q: Explain the concept of externalities; include an example, as well as how the government takes action…

A: Externalities are a concept in economics that refer to the unintentional consequences of an economic…

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: Education is frequently cited as a source of external benefits. How?

A: External benefits : An external benefit is the benefit gained by an individual or firm as a result…

Q: Which of the following is the best example of a good or service that would be considered non-rival…

A: A commodity or a service is non-rivalrous in nature – if the consumption of that good by a person is…