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What are five government proveded goods that are not nonexcludable public goods?
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Why does the government have to produce public goods?
to protect people
How does the nations government choose which public goods and services to produce?
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
Why must public goods be provided by the government instead of the free market?
Public goods are non-excludable, so they suffer from a free-rider problem.
The market system does not produce public goods because?
They belong to the government.
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
Can the market provide a public good on its own?
can the market provide a public goods on its own? government policies about public goods?
What are the public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
What are public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
Why does the government have to produce public goods?
to protect people
How does the nations government choose which public goods and services to produce?
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
Public goods can best be described as benefits and services?
Public goods can best be described as services provided by the government to benefit all citizens.
Public goods and services for state government?
There are many examples of state government providing public goods and services. Some of these include fireworks, street lights, and providing recycle bins for residents.
Why must public goods be provides by the government instead of the free market?
Public goods are non-excludable, so they suffer from a free-rider problem.
Why must public goods be provided by the government instead of the free market?
Public goods are non-excludable, so they suffer from a free-rider problem.
The market system does not produce public goods because?
They belong to the government.
What role of schools in society is an example of the government?
providing public goods
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
