a)Some advocates of anti-poverty programs claim that fighting poverty is a public good. Explain what these advocates mean by classifying charity as a public good. b)Why do governments tend to run programs that help the poor? Can the private sector be left to run those programs? Discuss your answer by focusing on externalities  and market failure

Q: Consider the issue of government intervention in a market economy. Please provide brief discussions…

A: Government intervention in an economy is a talk about the presence of public power which has this…

Q: Why are broad social indicators rarely used as measures of public program performance?

A: Social and economic public programs are government-funded initiatives designed to address various…

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: 8. Property rights and market failures Loggers are much v likely to supply wood to the market if…

A: The externality is the cost or benefit incurred by another party who is not involved in the…

Q: There are never unintended consequences of government intervention to address market failures. true…

A: In the mentioned question we have been asked whether thee are consequences of government…

Q: As it relates to a public good, nonrivalry means that: the public sector is able to provide the good…

A: A good is a public good when it is both nonrival and nonexcludable.

Q: Why must the government should prioritize the end of poverty and hunger?

A: Poverty is defined as a state in which a person lacks financial resources and essential goods for…

Q: discuss the argument that education should be subsidized because it creates a positive externality

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Which are benefits of a mixed market economy? Select all that apply. A mixed market economy provides…

A: The system of the market for commerce, allocation of resources, and trade where free markets tend to…

Q: For each government action, indicate the type of government activity and justification.…

A: a) New York city bans smoking in restaurants – EXTERNALITY.  Smoking in public places creates…

Q: Suppose there are two residents in a neighborhood, and you know both of their demand curves for a…

A: The sum of all individual demand curves is the social demand curve. In order to figure out the…

Q: Describe organization development (OD) interventions that help organizations balance economic,…

A: The organization development (OD) interventions are structured to help organizations balance…

Q: What is the main purpose of a social welfare function? O To help us match buyers and sellers in…

A: A social welfare function is a mathematical depiction of a society's total well-being that accounts…

Q: The government should provide such goods as health care, education, and highways because it can…

A: The provisions of goods like education, healthcare and highways are socially important and are in…

Q: Which of the following arguments is based on the concept of adverse selection?  a. The U.S.…

A: Option B Adverse selection is the phenomenon when two parties in a transaction have different level…

Q: Explain how an “individual mandate," where every resident of a country is required by law to…

A: Insurance is a way used by individuals and firms to prevent any event from having a huge detrimental…

Q: Education confers many external benefits on society: a higher-paid workforce, more technological…

A: Positive externality is generated by merit goods for which receivers do not pay due to which it…

Q: mple of equity-efficiency trade-off in economic policies.As an expert in Economic Analysis & policy…

A: An equity-efficiency trade-off results when maximization of the productive efficiency of a market…

Q: The National Flood Insurance Program (NFIP) provides flood insurance for homeowners and small…

A: Moral hazard: - moral hazard is the situation in which a person or an institution increases exposure…

Q: What is the importance of equitable in the financing of public education?

A: In regard to education, equity, and equality are two distinct terms. Equality refers to the equal…

Q: The table below describes the market for higher education. Higher education confers positive…

A: A positive externality is a benefit that is enjoyed by a third party as a result of an economic…

Q: With the aid of examples or illustrations show how cost-benefit analysis is linked to the following…

A: The activity that allows people for getting benefits without paying individually from them or…

Q: McKay and Lindberg (2019) claim that the private sector’s contributions play an important pillar in…

A: Government spending is the amount spent by the government on purchasing products and providing…

Q: Education leads to public benefits above and beyond those enjoyed by individuals deciding on whether…

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: True or false 1. A perceived disadvantage of Rawls's social justice theory is that it does…

A: since you have asked multiple questions and according to our policy we can only solve the first…

Q: Alex, Kara, and Susie are the only three people in a community. Alex is willing to pay $20 for the…

A: A public good is a commodity or a service that is available for the entire society which is non…

Q: Adam Smith, how would a market economy accomplish that harmony about which he describes?  What is…

A: The market economy is one in which the forces of supply and demand determine market price and…

Q: Using diagrams where appropriate, analyze why gambling can be seen as an example of market failure…

A: Gambling- The process of taking a risk of money or something valuable assets on the result is called…

Q: The figure below shows the market for higher education. The market demand curve for higher education…

A: Given that the subsidy provided by the government is $6,000 per student, and it equals the…

Q: One way the government decides how to pay for public goods is: Multiple Choice comparing…

A: Public good refers to good that satisfies two conditions first it is non rival in consumption and it…

Q: Randland has a large number of people who are alike in every way. Seanchan has the same number of…

A: The reason behind the disparity between the two places is as follows:-

Q: Education provides both private benefits to those who receive it and broader social benefits for the…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Individuals A, B and C have the following individual demand curves: QA-7-.5P Q-10-P Qc=18-3P Make a…

A: "As per bartleby guidelines we will solve the first three question for you. If you want any specific…

Q: Based upon those notions of self-interest and public interest and the bringing of both into harmony,…

A: The market economy is one in which the forces of supply and demand determine market price and…

Q: How does the optimal size of the subsidy for education vary with the size of the (positive)…

A: An externality refers to the impact of one person's actions on the well-being of a bystander. The…

Q: explain market based structure and explain your reason.Provide an example that will explain…

A: Quantity of labour can be influenced by two factors which are number of workers and other factor is…

Q: As Islam is a perfect religion, the market would primarily operate freely and achieve a very high…

A: Islam is often regarded as the creator of capitalism, having established the world's first…

Q: The figure below shows the market for higher education. The market demand curve for higher education…

A: Given:- Higher education produces positive externality and government provides $8000 subsidy per…

Q: Which of the following is NOT an example of government intervention in the market? a. Corporate…

A: When markets allocate resources inefficiently, governments intervene in the market. Resources are…

Q: Describe the role of government and need of it, individually, in all types of such market situations

A: In terms of economics, economists identify different major functions of government in the market of…

Q: As the Great Depression began in 1929, and millions of Americans found themselves in a terrible…

A: Depression refers to the fall in economic activity severely and for a long time. Great depression of…

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: Knowledge creates positive externality; therefore, governments should intervene in the education…

A: Positive externality occurs when the consumption or production of a good causes a benefit to a third…

Q: What distinguishes a public good from a private good? What kind of market failure is addressed when…

A: resources are allocated efficiently and effectively by the market mechanism. But sometime when…