Public good economics quizlet
[DOC File]Chapter 14: SOLUTIONS TO TEXT PROBLEMS:
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7. Even though the ban on cigarette advertising increased the profits of cigarette companies, it was good public policy because it reduced the quantity of cigarette consumption. Since cigarette consumption imposes an externality because of its health costs, the reduction in quantity is beneficial. 8. a. The decision box for this game is:
[DOC File]CHAPTER 13: TEST BANK
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2. If a public good is sold in the market, people who do not pay for the good cannot be excluded from using it. 3. If a good is indivisible, it cannot be divided into small, manageable units to be sold on the market. If a good is nonrivalrous, one person’s receiving benefits from it …
[DOC File]Multiple choice questions
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a. demand for government spending on public goods goes down due to lack of financial backup through tax collection. b. consumer, business, and government demand for goods and services in excess of an economy's capacity to produce. c. a shortage of demand for good and services in excess of supply during depression. d.
[DOC File]CHAPTER ONE: DEFINING PUBLIC ADMINISTRATION
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The Public Choice Solution: Public choice theory rejects the welfare economics that arose out of the New Deal. It questions whether such federal intervention really is the intent of the citizens. Its exponents feel that governmental action and expenditures should be placed at the lowest level of government because at that level more ...
[DOC File]Economics Final Exam Review - Lancaster High School
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_A___ A tax that is often unnoticed by the public. _G___ A good provided by the government that can be used by all citizens on an equal basis. _D___ An example of the benefits-received principle of taxation. _H___ The most dependable tool of fiscal policy. _F___ The total borrowing of the federal government
[DOC File]SOLUTIONS TO TEXT PROBLEMS: Chapter 13
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1. A price ceiling is a legal maximum on the price at which a good can be sold. Examples of price ceilings include rent control, price controls on gasoline in the 1970s, and price ceilings on water during a drought. A price floor is a legal minimum on the price at which a good can be sold.
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