Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 16, Problem 3P
To determine
The various categories of legislation based on the distribution of costs and benefits with the help of example.
Concept Introduction:
Different categories of legislation are based on the following categories of distribution:
- Widespread benefits and widespread costs
- Concentrated benefits and widespread costs
- Widespread benefits and concentrated costs
- Concentrated costs and concentrated benefits
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
(c) All governments have the purposes of establishing laws, providing order
and security, protecting their people from external threats, and providing for
their general welfare. Differentiate and discuss the aim and policy of the
government.
Technical Reporting 10th edition – Chapter 16
Define a proposal, or in other words, what is it for?
What is the difference between internal and external proposals?
What is the difference between solicited and unsolicited proposals?
What is the difference between a research proposal and a goods and services proposal?
What kind of writing is a proposal? __________________________________________
How does a writer understand the reader’s needs in an internal and an external proposal?
How does a writer demonstrate professionalism?
The resources for a proposal fall into what three categories?
What are the six main structures or parts of a proposal? What does each part do?
a.
b.
c.
d.
e.
f.
10. What must the writer have at the end of a proposal just like a research paper?
Think about the goods and services provided by your local government.Using the classification in Figure 1, explain which category each of the following goods falls into:
a. police protection
b. snow plowing
c. education
d. rural roads.
e. city streets
2. Why do you think the government provides items that are not public goods?
Knowledge Booster
Similar questions
- 4. d & earrow_forwardQuestion 3 Some reasons why resources could be allocated inefficiently by the market are negative externalities and positive externalities. (a) Explain, using graphs, what the problem is in each case, and explain possible solutions to each problem. (b) All of these problems might be described as arising due to poorly defined property rights. Explain the relationship of property rights to these instances where the market fails to allocate resources efficiently. (c) Explain how a corrective tax can eliminate the inefficiency caused by a negative externality. Use a graph to assist your explanation (d) Why does the optimal tax promote the efficient use of resources?arrow_forwardName: Name: Name: $/unit 25 1 Fertilizing Fish When farmers fertilize their fields, the nitrogen from the fertilizer can get washed into streams which then feed into larger rivers. This "runoff" can cause damage to ecosystems and reduce the number of fish that can be caught by fishermen farther downstream. 20 Who are the producers of fertilizer? Who are the consumers of fertilizer? Who are the third parties affected by the externality? The graph below shows the market for fertilizer where P=2+0.5Q, and P = 20 - Qd. The marginal external cost of fertilizer = Q. This means, for example, if 3 units of fertilizer are used then the last unit of fertilizer causes fishermen to suffer a $3 loss...however, they are worse off by $1 from the first unit and $2 from the second unit as well for a total welfare loss of $6. What is the equation for your new curve? Label the curves on the graph, indicating if they're S or D, private or social. Draw & label a new curve demonstrating the externality. 15…arrow_forward
- Please answer for question 2 subsection e and farrow_forwardWhat are the two characteristics of a public good? (Choose two) A. External Cost B. Non-excludable C. External Benefit D. Non-rivalousarrow_forwardPrice (dollars per ton of plywood) Price (dollars per ton of plywood) D2 DI DI D2 Quantity (tons of plywood per month) Quantity (tons of plywood per month) Figure A Figure B Price (dollars per ton of plywood) S2 Price (dollars per ton of plywood) Quantity (tons of plywood per month) Quantity (tons of plywood per month) Figure C Figure D In an effort to protect endangered species from the effects of logging in America's national forests, the federal government passes a law prohibiting logging in most of the state of Washington. Which of the figures above best illustrates the effect of this new law? A) Figure C B) Figure A C) Figure Barrow_forward
- What can government do to encourage the development of new technology?arrow_forwardCase on Walmart: Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop a list of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups:1. Owners of small businesses located nearby2. Town residents, and residents of nearby townsHow might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?arrow_forwardOpenness of an economy is: (a) the extent to which a country is involved in international trade andfinance.(b) the degree to which a country generates its economic growth.(c) the degree to which a country generates its income.(d) the extent to which a country is involved in tourism. What is a tariff? (a) A form of subsidy.(b) A tax on imported goods.(c) A tax on foreign property.(d) A form of quota.arrow_forward
- 5 measures taken by the government of Cameroon to ensure the sustainability of minerals and energy resources in Cameroonarrow_forward13. Study Questions and Problems #13 Match each key term in the following table with its definition. Term Command-and-control regulation Effluent tax Emissions trading Definitionarrow_forwardIncorrect Question 9 The ability of forests to reduce soil erosion is an example of what type of economic value? Ecosystem service value Intrinsic value O Nonuse value Contingent value Revealed valuearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax