Which of the following is not an issue that arises with educational vouchers? a- excessive school specialization b- inefficient and inequitable use of public resources c- consumer sovereignty d- school segregation

Q: If the primary objective of government programs in each of these areas is the alleviation of some…

A: Governments around the world put efforts to make an economy work efficiently, for that they…

Q: In the face of such an shortage, where private sector buyers and suppliers could not do anything…

A: Government: It refers to the people who performs all the functions for the society. The government…

Q: Governments continue to provide public support to some farmers, even in the absence of market…

A: Public choice takes the very rules that financial experts use to examine individuals' activities in…

Q: Why might redistribution across communities make sense for the provision of education? a-there are…

A: The correct option is c ‘there is externality associated with education’.

Q: Aquaculture is the growing of fish, shrimp, and other seafood in enclosed cages or ponds. The cages…

A: Answer: Introduction: Yes, agriculture provides a good incentive for low-cost production as compared…

Q: Why does high compensation (wages) with little or no output from the worker is bad for the economy?…

A: Wage: The term wage refers to the remuneration that is paid to workers against their work. In most…

Q: Explain how market failure can be used to justify government intervention in medical care markets

A: Market failure in healthcare could occur due to a number of reasons. This is because healthcare is a…

Q: Why is it likely that road maintenance in a city would be underprovided if maintenance were only…

A: The market failure occurs when there is a problem of asymmetric information. There are two types of…

Q: From an economic perspective, the outcome that yields the greatest economic surplus is the: Select…

A: Economic surplus is the total combined gains to consumers and producers from economic activity. So…

Q: Provide a subsidy for the vaccination Government produces and operates vaccination centers, where…

A: Subsidies are a type of government intervention in which the government pays suppliers to lower…

Q: Analyze the impact of the adoption of electric cars on socio-economic condition of Indians.

A: Electric cars help in reducing pollution.

Q: Which of the following best describes a weak form of market efficiency? A. it reflects all public…

A: Market efficiency refers to the extent or degree to which market prices reflect all available and…

Q: 29. In the absence of government intervention (such as a tax or subsidy), what is the social loss…

A: 29. A drop in economic and social well-being induced by the introduction of a new tax is referred to…

Q: According to free-market economists: a. when capital goods are allocated by the market, they will…

A: The free-market economist believes in minimum or no intervention in the production distribution or…

Q: Differentiate between the private and social benefits of education. Use examples to support your…

A: Private benefit of education :- When a person gets a good education, he or she is likely to get…

Q: Which of the following economic concepts causes the free rider problem? Rivaled consumption. When a…

A: Correct : Nonexcludablity in consumption

Q: Consider two ways of protecting elephants from poachers in African countries. In one approach, the…

A: Property rights play an important role. Unless a person owns something and cares for it, he will not…

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: Which of the following characteristics is required if a good is to be efficiently provided by…

A: In an economy, product and service are classified into different categories according to their…

Q: hat is an example of direct public provision of goods and services? (  ) a charity hospital funded…

A: Direct provision of goods and services is a measure being used for correcting the market failures…

Q: Attempts Average / 2 8. Property rights and market failures Bakers are much likely to supply…

A: Market failure is the financial circumstance characterized by a wasteful conveyance of labor and…

Q: One of the problems of allowing goods and services to be distributed solely by the market is that…

A: The following problem has been solved as follows:

Q: When applied to a public good, 'non-rival' means that Select one: A. Consumption of the good by one…

A: Public goods are those goods which are usually provided by the government to the people. These goods…

Q: What is NOT a key feature of gentrification? a_A return of wealthier classes to inner-city areas…

A: The public trust states that some basic resources like water, air, and forest have greater…

Q: For which of the following problems can well-designed public policy enhance economic efficiency?…

A: Economic efficiency is achieved where all the factors of production and goods are allocated to the…

Q: The market allocation is a level of output: a.That equates marginal social cost to marginal private…

A: Marginal private cost implies the cost of providing each unit of output. It is depicted by supply…

Q: The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms…

A: Public goods are those goods which are freely available on the market and whose use does not affect…

Q: Loggers are much likely to supply wood to the market if property rights are enforced. In the…

A: Economic efficiency is the point at which generally merchandise and figures of creation an economy…

Q: Explain the measures used by the government to correct each of the following sources of market…

A: Market Failure refers to the inefficiencies in the distributions of goods and services in the…

Q: Based on the answers calculated here, what we can infer? Consumer surplus = Area of A+B+E =((30-20)…

A: Consumer surplus is a measure of consumer welfare that is defined as the difference between the…

Q: The government must provide public goods such as national defense because   a. the production of…

A: Public goods:- Public goods refers to the products or services that help all people in society and…

Q: Which of the following might help to solve a free-rider problem? Select all that apply: using the…

A: Free riders refer to a group of people who enjoy public goods or common resources without paying…