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)?

Q: Compare and contrast Jevon’s and Gossen’s view of the equimarginal rule for maximizing consumer…

A: the difference in between the matters Menger theory versus the Jevons that is subjective in the…

Q: Tammy enjoys fixing up old clocks, which she then sells for p. = 100 each. Her cost of fixing each…

A: Tammy wants to maximize profit given by,   π(c)=100c-2c-c2F.O.C100-2-2c=0c*=49 The social optimum is…

Q: Researchers discovered a hazardous chemical was being used in the production of car windows. Workers…

A: Cost-benefit  analysis is the technique of determining if the decision or project or investment is…

Q: We have covered market imperfections and their effects during the course. Discuss at least two of…

A: A defective market alludes to any financial market that doesn't satisfy the thorough guidelines of a…

Q: 1. Explain when safety regulations can lead to an increase in efficiency. What market failures lead…

A: 1. The government may enact laws and regulations prohibiting certain behaviours and actions in order…

Q: The table below descr Fret for higher education. Higher education confers positive externalities on…

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

Q: 25. In order to help pay for the costs of extending health insurance to previously uninsured people,…

A: Patient Protection and Affordable Care Act (PPACA) requires that most Americans have medical…

Q: Which of the following statements about negative incentives is the most accurate? They increase…

A: Which of the following statements about negative incentives is the most accurate.

Q: Julie complains about the extremenoise in the factory. This is one of hygiene factors according to…

A: When an individual is working as an employee in an organization, he has the right to have equal,…

Q: Discuss the first and second fundamental theory of Welfare Economics.

A: Welfare economics is  basically a branch of economics that use micro-economic approaches to assess…

Q: What is the criticism of the Community Indifference Curve? 3 points

A: Answer: The application of community indifference curves to international trade theory has been…

Q: Does a single individual making $500,000 pay the samemarginal tax rate as another making $1 million?…

A: In a society, the degree of tax burden faced by an individual depends upon the taxation structure…

Q: When Aaron makes a decision, he tries to minimize its bad effects and maximize its good effects for…

A: When Aaron makes a decision, he tries to minimize its bad effects and maximize its good effect for…

Q: A tariff on an imported good lowers the price in the domestic market and raises the price the…

A: here we find the given as follow;

Q: Asses how social welfare and economis policies impact the delivery of and access to social services.

A: A social service, also known as a welfare service or social work, is any of a variety of publicly or…

Q: The ‘Rawlsianism’ approach to social welfare improvement is based on a ‘Pareto improvement’…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: a) The Fundamental Theorems of Welfare Economics p) The Excess burden doctrine based on the…

A: The study of the allocation of resources and the way in which goods tend to have an effect on social…

Q: The amount that a beggar outside the Toronto Stack Exchange Building can collect in Average revenues…

A: Consumer surplus is the difference between a consumer’s maximum willingness to pay for a product and…

Q: Japanese officials are considering a new tariff on imported pork products from the United States in…

A: Below is the matrix formed from the given information:

Q: State the first and second fundamental theorem of welfare economics and outline the fundamental…

A: First fundamental theorem states that every competitive equilibrium allocation is a pareto efficient…

Q: What is an analytical device used to model welfare economic theory.

A: The study of how the distribution of resources and products impacts societal well-being is known as…

Q: TRUE OR FALSE   Social welfare indifference curves are useful in discussions about the tradeoffs…

A: An indifference bend shows a blend of two products that give a shopper equivalent fulfillment and…

Q: A libertarian paternalist would prefer to implement policies that a.adjust the incentives of a…

A: The answer is - c. Require individual to make a decision.

Q: It is fair to discriminate in the amount of benefits for life and health policies: between…

A: When talking about discrimination, it refers to the situation when an individual is unfairly treated…

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: Undervaluing the substitution effect in calculating social welfare costs would overestimate the…

A: The substitution effect is a concept from economics that explains why a buyer increases, decreased,…

Q: The equations below represent the inverse demand and supply curves for construction workers in Small…

A: Since the question you have posted consists of multiple parts, we will answer the first two question…

Q: What is the efficient outcome in this market? Equivalently, which types of bikes should change their…

A: Individual preferences are typically assumed in welfare economics, and efforts are made to improve…

Q: Describe the economic burden of alcohol use and why it is problematic. Include information from the…

A: Economic Burden of Alcohol UseThe economic burden of alcohol use is a multifaceted issue that has…

Q: Critically evaluate the below statement. "Policy makers have their individual desires (utility…

A: Policy makers want their decisions to provide benefits to people.

Q: Compare and contrast Pigouvian welfare economics and Paretian Welfare economics.

A: The allocation of goods and resources to promote social welfare is known as welfare economics. It is…

Q: Which of the following is a true statement about Supplemental Nutrition Assistance Program (SNAP)?…

A: The Supplemental Nutrition Assistance Program (SNAP) assist the households with a low-income to…

Q: Using the discussion of pay-as-you-go social security programs. explain how to derive the result…

A: The social security program was established to give security to senior individuals, disabled…

Q: A local government is considering building new public hiking trails in town. Suppose that the trails…

A: Public goods are products or services that are non-excludable and non-rivalrous, which means that…

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: Provide an example of a failure of market in terms of equity/income distribution that is not…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Write the two views of the basis for determining the social discount rate?

A: The social discount rate is the wider term used to define the discount rate at which investment made…

Q: Consider Ron’s demand for after school care for his children. The marginal benefit Ron receives for…

A: Given that; Ron’s demand for after school care for his children. After school childcare(hours per…

Q: A new policy is expected to generate £5,000 of benefits and £3,000 of costs. In terms of the effect…

A: The benefit is more than the costs, so we can say there is net social benefit from this new policy.…

Q: Which of these best represent a planned approach and which best represent a market approach? Planned…

A: The market approach determines the value of an asset based on the market selling price of assets…

Q: 1. A society has three individuals (A, B, C) and four policy proposals (W, X, Y, Z). Their utility…

A: given   A society has three individuals (A, B, C) and four policy proposals (W, X, Y, Z). Their…

Q: True or false…. Critics of ADA complain that it goes too far in providing assistance that amounts to…

A: It can be defined as the ability of an individual, organization, or economy to create a particular…

Q: Government action can usually perfectly correct the market’s shortcomings. true or false

A: Government intervention takes place when there is market failure in the economy and the economic…

Q: Beef production is known to generate a lot of methane (from the digestive system of cattle), which…

A: Taxes have a very major affect on Income distribution as income being shared more equally between…

Q: Discuss some of the issues emerging from the implementation of the 2013 Volcker rule on propriety…

A: The Volcker rule aims to provide a general concept of the banking entities  including an engaging…