From the choices, please select the major factors that result in government failure. Factors leading to government failure Answer Bank Some politicians may be too friendly with industries they regulate, and make policies that favor them over the broader public. Public choices involve many actors with their own economic objectives. Production decisions are often made independently of government oversight. The United States uses a graduated tax system. Politicians often want to keep constituents happy more than they want to correct market failures.

In tax indences is analyzed by using the tools of supply and demand.  government unveiled a new subsidy on the public rail transport in the country. Critically analyze 3 dimensions in which the effect of subsidy can be felt by all actors in the sector

Due to harmful effect in smoking, the government would like to discourage smoking. Appraise the welfare effects of using price controls and taxes to discourage consumption of cigarettes. Explain your answers with suitable diagrams.

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TRUE OR FALSE _______ 9) All methods of political activism are designed to raise attention from the public.

An externality     is a private cost or benefit that results from the production or consumption of a good or service that is external to a market.     refers to production or consumption that occurs outdoors.     enhances market efficiency.     is a benefit or cost that affects someone who is not directly involved in the production or consumption of a good or service.

There are several resources that cover important information to validate the fact that LOCAL government IS the level of government that has a MUCH GREATER impact on the daily lives of Americans than any other level of government and ironically it is the level of government that gets the least attention from the public and from the media. Participation in local government affords citizens the most control over their own lives but unfortunately it is the level of government with the least voter turnout. Sad but true. Answer the following question: One way to help address the state's transportation needs and provide funding without raising taxes is building toll roads. Should the state convert formerly free roads into toll roads to raise funds? Why or why not?

Voter Voter 1 Voter 2 Voter 3 Voter 4 Voter 5 Benefit $80 $125 $75 $90 $150

One popular way governments try to ameliorate market failures is by imposing taxes or offering subsidies. These policies change prices of goods and services so that individuals ___________ the _________ environmental effects of their production and consumption decisions.  Fill in the gaps above.