ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Provide an example of a government policy or program that you consider paternalistic. Explain how/why it is an example of paternalism. Are there any other reasons you can think of for the policy or program to exist (other than paternalism)?
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- Please see attachment and Type out the correct answer ASAP and step by step with proper explanation of each option.ill give upvote only for correct answerarrow_forwardHi there, can you please help with the below question, with diagrams please! Suppose there is a consumption externality for drug use. Do a standard welfare analysis and propose a Pigovian tax.arrow_forwardSuppose now that there is a scrappage scheme which fully reimburses the citizen if she buys the new ULEZ-compliant car. That is, the subsidy is equal to S = 10, 000. What is her utility of buying the new car? What is her utility of keeping the old car? Does the citizen prefer to buy the new car?arrow_forward
- The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 per person. If one family member has doctor and prescription medication expenses of $2,200, what amount would the insurance company pay?arrow_forwardA dangerous habit among those who own cell phones is driving while talking or texting. Although a great deal has been done to inform drivers of the risks of doing multiple tasks while driving, this informational campaign has been ineffective in the face of increased ownership of cell phones. If you were a policymaker, what types of negative incentives would you suggest to discourage individuals from driving and talking or texting at the same time?arrow_forwardThis question concerns rent subsidies. Suppose that under a rent subsidy the government will pay some specified proportion of the total rental price. Using an indifference map for "housing" (e.g. rooms of standard quality) and "all other commodities" analyze whether this approach to enhancing domestic welfare is more or less effective than granting income tax reductions equal in dollar amount to the amount of the rent subsidy? How do these compare to a lump sum $250 per month subsidy which must be applied toward rent or it is taken away?arrow_forward
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