Homework Answers
Education being club good implies that those who do not pay for it, can be debarred from its benefits. If government stops providing education and closes all public school, there will be mass exploitation of people by the private education providers.
Those who are living below the poverty line would be debarred from education rights. Society will be divided between rich and poor.
Thus, government must provide such club goods to maintain balance in society.
Add Answer to:
Education is often identified as a "club" good which is defined as a good or service...
Education is often identified as a "club" good whiclh is defined as a good or service...
Education is often identified as a "club" good whiclh is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following 1. What would be the likely outcome if government decided to stop providing education and closed al public schools? 2. How could the government get out of the education business but still affect the number of students attending school?
Education is often identified as a "club" good whiclh is defined as a good or service...
Education is often identified as a "club" good whiclh is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following: 1. What would be the likely outcome if government decided to stop providing education and closed all public schools? 2. How could the government get out of the education business but still affect the number of students attending school?
Education is often identified as a "club" good whiclh is defined as a good or service...
Education is often identified as a "club" good whiclh is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following: 1. What would be the likely outcome if government decided to stop providing education and closed all public schools? 2. How could the government get out of the education business but still affect the number of students attending school?
69. Which of the following is the best example of a public good? a. Music downloads...
69. Which of the following is the best example of a public good? a. Music downloads b. Designer clothes c. Natural forests d. National defense 70. A street light is a ________. a. common pool resource good b. club good c. private good d. public good 71. A congested street is ________ in consumption. a. non-excludable but rival b. non-excludable and non-rival c. excludable but non-rival d. excludable and rival 72. The free-rider problem exists for goods that are ________....
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all...
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy a. The environment is not worth protecting b. Reducing methane emissions is desirable, but whatever level of pollution firms decide to emit privately is already efficient c. The opportunity cost of zero pollution is...
1) Explain what is meant by a good being "excludable."? 2) Explain what is meant by...
1) Explain what is meant by a good being "excludable."? 2) Explain what is meant by a good being "rival in consumption."? 3) Define and give an example of a public good. Is it likely that the private market provide this good on its own? Explain. 4) Define and give an example of a common resource. Without government intervention, will people use this good too much or too little? Why?
Module 15: The following paragraph concerns questions 46 to 49. A public good is defined to...
Module 15: The following paragraph concerns questions 46 to 49. A public good is defined to be non-exclusive and non-rival. A good is (46) if people can not be excluded from consuming it. Also, a good is (47) if the provision of the good to an additional consumer has a marginal cost of zero. One of the problems related to the provision of public goods is the existence of (48), i.e. consumers who do not pay for a non-exclusive good...
Question 201 pts Which of the following best describes the consumption of a non-rival good? Group...
Question 201 pts Which of the following best describes the consumption of a non-rival good? Group of answer choices A consumer may obtain the good without preventing simultaneous consumption by another consumer A consumer may obtain the good with the consent of the provider A consumer may obtain the good without payment Flag this Question Question 211 pts Although a lack of information can cause a market to fail, why might some market participants withhold information from others? Group of...
Please Brief: "Brown vs. Board of Education ". located on Page 5 of your book. 1....
Please Brief: "Brown vs. Board of Education ". located on Page
5 of your book.
1. Make sure to click on the link below to assist in
understanding how to properly "brief" as case.
2. Then read the case on Page 5, and brief the case using the
"IRAC" format.
When you are finished briefing the case, click on the title
above and uploaded it into the
*** Make sure to begin your brief with a brief facts section
telling...
Introduction The full life-cycle of a procurement of a good or service is typically comprised of...
Introduction The full life-cycle of a procurement of a good or service is typically comprised of five stages: Stage 1. An attempt is made to identify possible suppliers of goods and services. This is often done by means of a request for proposal (RFP) or an invitation for bid (IFB). An RFP is a written document that defines the work or products desired and is distributed among possible bidders. At the heart of the RFP is the statement of work...
Education is often identified as a "club" good whiclh is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following 1. What would be the likely outcome if government decided to stop providing education and closed al public schools? 2. How could the government get out of the education business but still affect the number of students attending school?
Education is often identified as a "club" good whiclh is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following: 1. What would be the likely outcome if government decided to stop providing education and closed all public schools? 2. How could the government get out of the education business but still affect the number of students attending school?
Education is often identified as a "club" good whiclh is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following: 1. What would be the likely outcome if government decided to stop providing education and closed all public schools? 2. How could the government get out of the education business but still affect the number of students attending school?
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy a. The environment is not worth protecting b. Reducing methane emissions is desirable, but whatever level of pollution firms decide to emit privately is already efficient c. The opportunity cost of zero pollution is...
Module 15: The following paragraph concerns questions 46 to 49. A public good is defined to be non-exclusive and non-rival. A good is (46) if people can not be excluded from consuming it. Also, a good is (47) if the provision of the good to an additional consumer has a marginal cost of zero. One of the problems related to the provision of public goods is the existence of (48), i.e. consumers who do not pay for a non-exclusive good...
Please Brief: "Brown vs. Board of Education ". located on Page
5 of your book.
1. Make sure to click on the link below to assist in
understanding how to properly "brief" as case.
2. Then read the case on Page 5, and brief the case using the
"IRAC" format.
When you are finished briefing the case, click on the title
above and uploaded it into the
*** Make sure to begin your brief with a brief facts section
telling...
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 34 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 37 minutes ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 38 minutes ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago