Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 3IAPA
To determine

To explain:

The outcome of the election.

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Please indicate which of the following is or is not a public good: 1. A public swimming pool at the local recreation center. 2. TikTok videos. 3. Any good that has positive externalities. 4. The children's play area at your local mall.
1. Choose one of the approaches listed below for protecting elephants from poachers in African countries.  A. The government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. B. The government sets up national parks and designates ten villages around the park's edges as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park.  2. Depending on the approach you have chosen (A or B), explain how the incentives will affect the local villagers, who are often very poor. 3. Which approach (A or B) seems more likely to help the elephant population?4. Discuss the practice of poaching elephants and the need for environmental protection? 5. Explain how the practice of poaching elephants is a negative externality?
Give typing answer with explanation and conclusion  Which of the following policies could help the government achieve the efficient outcome?   Check all that apply.   Implement tradable pollution permits   Offer a subsidy equal to the price at the efficient outcome   Offer a subsidy to consumers equal to the vertical distance between the marginal private benefit curve and the marginal social benefit curve   Offer a subsidy to producers equal to the vertical distance between the marginal private benefit curve and marginal social benefit curve   Introduce emission taxes
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