Budget Boosts Funding for the Arts Canada’s biggest arts and cultural institutions, including the CBC...

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Budget Boosts Funding for the Arts Canada’s biggest arts and cultural institutions, including the CBC...

Budget Boosts Funding for the Arts

Canada’s biggest arts and cultural institutions, including the CBC and Radio-Canada, are getting a $182 million budget increase over the next five years.

Source: CBC News, March 22, 2016

4. What external benefits are associated with the arts and public broadcast services?

5. Draw a graph to illustrate and explain why the market for arts creates a deadweight loss.

6. Draw a graph to illustrate and explain how the budget increase described in the news clip might improve efficiency.

business economics

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Budget Boosts Funding for the Arts Canada’s biggest arts and cultural institutions, including the CBC...