Which of the following is not a reason for governments to provide merit goods? protecting consumers from poorly informed decisions protecting children from the decisions made by poorly informed parents providing greater equality of opportunity protecting firms from poor investment decisions

three key features of the public policy environment

How does education, as an area of government spending, both positively and negatively impact a business?

Suppose Fischer Pond is a common-property resource—anyone can fish without having to pay for access. Locke Lake is privately owned—people who want to fish must purchase one of a limited number of permits from the lake's owner each season. According to the incentives that private ownership creates, which of the following would you expect to happen?     Check all that apply. The owner of Locke Lake is likely to keep the lake clean and unpolluted.   The owner of Locke Lake is likely to limit the number of fishing permits in order to maintain a plentiful stock of fish.   Fischer Pond is less likely to experience a dwindling stock of fish each season.