Chapter 16.1, Problem 2R

To determine

To ascertain the whether the government should funds the listed items and why?

Explanation of Solution

Should government fund	Yes/ No	Reasons
Medicare	Yes	The Medicare for All Act would offer universal health coverage, to woman and children in the economy. It would enable all Americans, whatever their income.
Highway construction	Yes	Because the cost of such heavy infrastructure investment is possible by the government.
Public schools	Yes	As education can help to build a nation in a better way. So government fund will be very helpful in reducing inequality in education provision to all. Impact.
Product safety information	Yes	Will help avoid the under-provision and under-consumption of public goods so as to improve social welfare. If the government produces public goods, they can do so more easily because of economies of scale.
Worker safety information	Yes	Government is to for the welfare of the public. So, it can be the government who can provide worker safety information in genuine way.

Economics Concept Introduction

Introduction: The USA. Federal government is set up to ensure efficient governance and the rights of people are secured, each branch has its own powers and obligations, including collaborating with other branches.