PRINCIPLES OF MICROECONOMICS (OER)
2nd Edition
ISBN: 9781947172340
Author: Timothy Taylor, Steven A. Greenlaw
Publisher: OpenStax
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Textbook Question
Chapter 13, Problem 21CTQ
Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government.
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Provide 4 examples of goods/services that are classified as private goods/services even though they are provided by a federal government.
Provide two examples of goods/services that are classified as private goods/services even though they are provided by a federal government. Explain why your examples are private, referring to the characteristics of private goods.
Difference between public and private goods
Chapter 13 Solutions
PRINCIPLES OF MICROECONOMICS (OER)
Ch. 13 - Do market demand curves reflect positive...Ch. 13 - Suppose that Sonys R. Is this a private or social...Ch. 13 - The Gizmo Company is planning to develop new...Ch. 13 - The Junkbuyers Company travels from home to home,...Ch. 13 - When residents in a neighborhood tidy it and keep...Ch. 13 - Education provides both private benefits to those...Ch. 13 - Which of the following goods or services are...Ch. 13 - Are the following goods non-rival in consumption?...Ch. 13 - In what ways (it) company investments in research...Ch. 13 - Will the demand for borrowing and investing in R&D...
Ch. 13 - Why might private markets tend to provide too few...Ch. 13 - What can government do to encourage the...Ch. 13 - What are the two key characteristics of public...Ch. 13 - Name two public goods and explain why they are...Ch. 13 - What is the free rider problem?Ch. 13 - Explain why the federal government funds national...Ch. 13 - Call a company be guaranteed all of the Social...Ch. 13 - Is it inevitable that government must become...Ch. 13 - How do public television stations, like PBS, try...Ch. 13 - Why is a football game on ESPN a quasi-public good...Ch. 13 - Provide two examples of goods/services that are...Ch. 13 - Radio stations, tornado sirens, light houses, and...Ch. 13 - HighFlyer Airlines wants to build new airplanes...Ch. 13 - Assume that the marginal private costs of a film...Ch. 13 - Becky and Sarah are sisters 1who share a room....
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Similar questions
- What do you understand about this private cost and benefit of education?arrow_forwardExternalities involve A third party who receives benefits or costs Natural Selection Fingers and toes Determining the cost of land rentarrow_forwardWhy government needs to produce pure and impure public goods?arrow_forward
- How do social costs and benefits differ from private costs and benefits?arrow_forwardDo you agree with the goals and ideas of the proposed FTAA?Why or why not?arrow_forwardWhich of the following goods and services are considered private? Choose all that apply. A. national defense B. home repair C. clothing D. police protectionarrow_forward
- Which other devision-making strategies can be applied in the public sectorarrow_forwardWhat are the benefits of clearly established property rights? Group of answer choices Responsible parties are identified and it helps increase negative externalities. Business are incentivized to comply with regulations. Responsible parties are identified and it helps reduce negative externalities.arrow_forward
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