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28 Sep 2019
1. Government failure occurs
A. when the market provides the wrong amount of a certain good.
B. never, government intervention always improves social utility.
C. when the benefit of a government intervention exceeds its cost.
D. when the cost of a government intervention exceeds its benefit.
2. The opportunity cost of government intervention is
A. Lost public sector production.
B. Lost private-sector production.
C. higher government debt.
D. higher taxes.
3. Give an example of negative externality and explain what kind(s) of policies the government uses to correct this externality.
4. Why is it difficult to use cost-benefit analysis on government spending decisions?
1. Government failure occurs
A. when the market provides the wrong amount of a certain good. |
||
B. never, government intervention always improves social utility. |
||
C. when the benefit of a government intervention exceeds its cost. |
||
D. when the cost of a government intervention exceeds its benefit. |
2. The opportunity cost of government intervention is
A. Lost public sector production.
B. Lost private-sector production.
C. higher government debt.
D. higher taxes.
3. Give an example of negative externality and explain what kind(s) of policies the government uses to correct this externality.
4. Why is it difficult to use cost-benefit analysis on government spending decisions?
4
answers
0
watching
116
views
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28 Sep 2019
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