Ans) Government intervention can be sometimes seen by economists as inefficient as it alters the market equilibrium and creates deadweightloss (as we measure it in standard economics studies). But these are preferred by the society because it prevents exploitation of certain groups.
For eg- price flooring prevents producers from wrath of unfairly low prices. For example when government feels that price for produce of farmers is too low, it makes some price as legal minimum which must be paid to them when buying product from them.
Another example is when government feels that gasoline prices are going too high, it sets some price lower than equilibrium price (price ceiling) to protect the buyers from over pricing.
Why might a society prefer a government policy that lowers our standard measure of welfare? Give...
Why might measuring a policy change’s welfare impact using consumer surplus result in different amount if it is calculated before the change than if it is calculated after the change takes place? Is this a serious problem? (10points)
e= emissions 2. If you were a government policy maker, would you prefer a standard or an emission tax to reduce emissions and achieve the efficient level of e? Explain your answer. What would firms generally prefer? Explain your answer. (No need to graph anything for this question, just a general explanation would be sufficient).
B) Why might a society allow government (i.e., political forces) to play a role in answering the question of "For Whom to Produce" with respect to health care?
Why might it be important to look at the effectiveness of government policy through the "claim and blame" perspective? If the government agencies and politicians use each other to shift blame away from themselves how effective can governments really be? How might this be resolved?
What are the policy implications of social structure theories? What kinds of changes in society and in government policy might be based on these theories? If these policies were implemented, do you think they would likely bring about a reduction in crime? Why or why not?
(a) Give 3 reasons why a government might seek to limit power of a union. (b) List three ways the government could ensure companies account the negative environmental externalities resulting from production into the company's costs of production.
(1) Discuss YOUR perspective of the American culture. (2) Do YOU believe that our society identifies more with material culture or non-material culture? Explain why and give TWO of your own examples to support each of the positions.
why do we considered Diabetes mellitus to be a large health concerns in our society? can you please! Please! give reference
Why do we want our standard deviation to be low for our sample? Give me your response as a Pause Problem! HTML Editor B IUA A IEEE x x Teu be ST T 12pt
With the government shutdown, immigration policy is driving a wedge in our political system. First, please give a brief overview of the current American immigration policy. Would the construction of a wall along our southern border help stem the tide of illegal immigration or are there other ports of entry into the country where illegal immigration is more prevalent? Finally, do you think that President Trump has genuine concerns about illegal immigration or is it is a ploy to alleviate...