Which of the following is the best example of a public good in a classroom? Select one: a. anything that is provided free by the government b. a copy of the textbook c. a student's notes d. the temperature in the room e. a pencil

Q: A sunset view can best be categorized as a: A. private good B. club good C. public good D. open…

A: Answer in step 2

Q: Identify the characteristics of a public good. a. Why do public goods exist? b. What is the…

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

Q: 8. All-Leather is a tanning company located on Lake Michigan in Chicago. Its total cost function is…

A: "As client instructed, solution to d,e and f are provided." The private marginal cost refers to the…

Q: Describe in your own words what you think is meant by the term sustainability. List three ways that…

A: People often use sustainable development and sustainability interchangeably as they look quite…

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: Using a diagram, explain how a carbon tax could help reduce pollution.

A: Carbon tax is a tax charged by government on firms that produce carbon dioxide while performing…

Q: The laissez-faire price system a. Assures economic efficiency even when there are externalities. b.…

A: The Classical economists advocated that the markets are self-regulated in nature and there should be…

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: Government raises it's expenditure on producing public goods. Which economic value does it reflect?…

A: # The goods which are available to all the public without any motive of Profits are public goods.

Q: Name 5 public goods and explain why they are public goods.

A: Introduction. Public Goods. It a non-excludable and non-rival good, that is, a public good. It means…

Q: Which of the following goods would be considered a pure public good? Select one: O O O a. National…

A: A pure public good is characterized by two main features: non-excludability and…

Q: please answer the following questions. 1. Define positive and negative externalities. List 3…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Discuss two ideas on how environmental challenges can create business opportunities. use your words

A: We are in the phase of a constantly changing environment. The population in the world is rising at a…

Q: What is a resource that you share with your family or neighbors? Is it being over-consumed? And if…

A: We all live in a society, where we share many things to live life peacefully and happily. Our…

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 are public goods? a. Air bags b. Pencils c. Cycle helmets d. City…

A: Public goods have two essential features which are non-rival and non-exclusion. 1) Non-rival –…

Q: Which organization was created in 1991 to provide grants for global environment projects?  Group of…

A: Helping nations to work on the supportability of ensured region frameworks, for example, public…

Q: What are public and private goods?

A: Private good: In the case of private good goods that cannot be used by every one simultaneously.…

Q: Match each concept in Column A with an example in Column B. Column A Column B Negative externality…

A: A negative externality is a cost that is suffered by a third party as a consequence of an economic…

Q: 1. Why does a government use regulations?

A: Government regulation refer to the act of government through which it interferes in the market to…

Q: Transcribed image text: 1. Crime prevention is considered a public good. a) What are public goods…

A: Public goods and services are items and services that are provided by the government or public area…

Q: Difference between public and private goods

A: A private good is a product that must be purchased before it may be consumed, and the consumption of…

Q: A mosquito control program in a city is a A. private good B. club good C. common pool resource good…

A: Properties of goods: Excludability: A good is excludable if the consumption can be restricted if a…

Q: Is it possible to ration public goods? If yes what devices will you use to ration them? If not, why?

A: 1.Yes it is possible to ration public goods. Ration of public goods means that government will…

Q: What is a way to determine the value of a forest that remains intact? A. The number of people who…

A: The forest is tourist attraction which remains intact. It's valuation should depend on visitors.  In…

Q: Mankiw Chapter 11 Question 8 The federal gov't tests the safety of car models and provides the test…

A: Public good refers to those goods that are non rivalry and non excludable in nature.

Q: How can the tragedy of the commons be averted?   a. The government can implement a price floor. b.…

A: The tradegy of common occurs where the excessive use of the natural resource eventually leads to its…

Q: Explain using the real life examples. Public goods are free of cost.

A: Public goods are products or services that are both non-excludable and non-rivalrous in consumption,…

Q: How are public goods different from private goods?

A: Public goods- Public goods (PB) are provided by the government and these are neither excludable nor…