a.
The question requires us to analyze the costs and benefits accruing due to the research to cure Alzheimer's disease.
a.
Answer to Problem 2CTQ
Government funding for Alzheimer's research will result in an effective treatment for the disease and boost the number of international patients seeking treatment.
Explanation of Solution
The spending of the government on research to cure Alzheimer's disease will bring the following benefits to the people:
- The proper cure will be available to the citizens of the country.
- It will increase the number of foreign tourists who will come for the treatment boosting the tourism sector.
b.
The question requires us to analyze the costs and benefits accruing due to the Hurricane recovery assistance.
- NASA’s mars exploration program.
b.
Answer to Problem 2CTQ
People who experienced the tragedy that the hurricane brought into their life would benefit from the government spending on hurricane recovery.
Explanation of Solution
The spending of the government on hurricane recovery will benefit people from the tragedy that brought the hurricane into their lives. It will cover the cost of the property they lost due to the hurricane. It will not cover the lives that were lost but economic assistance is always better as it provides something in place of nothing. It will bring people’s life to their usual normal and will help them to be a part of society again and contribute to the economy.
c.
The question requires us to analyze the costs and benefits accruing due to NASA’s mars exploration program.
c.
Answer to Problem 2CTQ
The spending on initiatives for mars exploration will assure the security of our future in light of climate change.
Explanation of Solution
The spending of mars exploration programs benefits is debatable. The programs are very costly, costing millions of dollars and the benefits seen at the present are almost negligible in present. But this does not mean that the programs are completely baseless. They are in a way to make our future safe as climate change on earth is a reality and options/substitutes of the earth are in consideration. So, though mars exploration programs are costly, their benefits are going to be visible in the coming years.
Chapter 4R Solutions
Krugman's Economics For The Ap® Course
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- Not use ai pleasearrow_forwardThanks!arrow_forwardIf there is an oil shock, what will happen to the market for thick metal tables (they are very heavy)? Group of answer choices P decreases and Q increases. P decreases and Q decreases. P increases and Q decreases. P increases and Q increases.arrow_forward
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- A foreign country to which we export but from which we do not import would do ______ according the Circular Flow Diagram? Group of answer choices Sell and Buy (or Rent). Sell, but does not buy. Buys, but does not sell. Does not sell nor buys.arrow_forwardNot use ai pleasearrow_forwardAfter the holiday season, many of us find ourselves thinking, “What will I do with another case for my iPad?” Often, both the gift giver and gift receiver could be made better off (that is, receive a higher level of utility or happiness) if cash had been given instead. To understand the economic rationale behind this, economists turn to the basic consumer theory model of budget constraints and indifference curves. Recall that an indifference curve maps out all possible consumption bundles of goods that yield the same level of utility to a given consumer. Indifference curves tell us nothing about what we can afford, but rather tell us how happy a particular bundle will make us. On the other hand, a budget constraint shows the consumption bundles that we can buy given our income and the prices of goods. Similarly, a budget constraint says nothing about what we would like to buy, but rather what we can afford. Suppose you consume only two types of goods: magazines and food. You have $300…arrow_forward
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