Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / he government has traditionally dealt with externalities by directive rather than by price

he government has traditionally dealt with externalities by directive rather than by price

he government has traditionally dealt with externalities by directive rather than by price.

 

22.              Public choice economics is the study of how elected officials are placed in their official
                            capacities.

23.              Externalities are consequences visited upon those individuals residing outside decision
                            processes.

24.              The level of protection from influenza (flu) in a community has characteristics of a public
                            good.

25.              A national park is an example of a pure public good, since it is there for everyone to
                            enjoy.

26.              If whooping cranes generate benefits to some members of society by merely their
                            continued existence, then economic markets will consider this in arriving at a level of
                            their provision “as if by an invisible hand.”

27.              The space program of the 1960s is a good example of an activity that generated
                            significant external economies.

28.              Believers in public choice see government bureaucrats choosing the level of public goods
                            based on their desire to keep their jobs.

29.              Catering to special interest lobbying may distort the government’s provision of public
                            goods away from the social optimum.

30.              Relying on majority rule of voting will yield a social optimum of all products.

Dec 12 2019 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions