Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 13, Problem 21CTQ
Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government.
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Provide 4 examples of goods/services that are classified as private goods/services even though they are provided by a federal government.
Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government. Explain why your examples are private, referring to the characteristics of private goods.
Difference between public and private goods
Chapter 13 Solutions
Principles of Economics 2e
Ch. 13 - Do market demand curves reflect positive...Ch. 13 - Suppose that Sonys R. Is this a private or social...Ch. 13 - The Gizmo Company is planning to develop new...Ch. 13 - The Junkbuyers Company travels from home to home,...Ch. 13 - When residents in a neighborhood tidy it and keep...Ch. 13 - Education provides both private benefits to those...Ch. 13 - Which of the following goods or services are...Ch. 13 - Are the following goods non-rival in consumption?...Ch. 13 - In what ways (it) company investments in research...Ch. 13 - Will the demand for borrowing and investing in R&D...
Ch. 13 - Why might private markets tend to provide too few...Ch. 13 - What can government do to encourage the...Ch. 13 - What are the two key characteristics of public...Ch. 13 - Name two public goods and explain why they are...Ch. 13 - What is the free rider problem?Ch. 13 - Explain why the federal government funds national...Ch. 13 - Call a company be guaranteed all of the Social...Ch. 13 - Is it inevitable that government must become...Ch. 13 - How do public television stations, like PBS, try...Ch. 13 - Why is a football game on ESPN a quasi-public good...Ch. 13 - Provide two examples of goods/services that are...Ch. 13 - Radio stations, tornado sirens, light houses, and...Ch. 13 - HighFlyer Airlines wants to build new airplanes...Ch. 13 - Assume that the marginal private costs of a film...Ch. 13 - Becky and Sarah are sisters 1who share a room....
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Similar questions
- Externalities involve A third party who receives benefits or costs Natural Selection Fingers and toes Determining the cost of land rentarrow_forwardWhy government needs to produce pure and impure public goods?arrow_forwardToo much of a good or service is produced when there is a Private cost External benefit Public good Positive externality Negative externalityarrow_forward
- Which of the following goods and services are considered private? Choose all that apply. A. national defense B. home repair C. clothing D. police protectionarrow_forwardWhat are the benefits of clearly established property rights? Group of answer choices Responsible parties are identified and it helps increase negative externalities. Business are incentivized to comply with regulations. Responsible parties are identified and it helps reduce negative externalities.arrow_forwardWhich other devision-making strategies can be applied in the public sectorarrow_forward
- Which of the following are examples of private property? computers belonging to your college a worker’s skills a farmer’s land in Soviet Russia shares in a companyarrow_forwardhow corrective taxes solve the problem of negative externalities, show with a graph Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardPlease indicate which of the following is or is not a public good: 1. A public swimming pool at the local recreation center. 2. TikTok videos. 3. Any good that has positive externalities. 4. The children's play area at your local mall.arrow_forward
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