Poli Sci Week 2

Front 1

Define Public Goods (4 points)

Back 1

-Public goods are indivisible and are jointly supplied to their potential users
-can't be ensured by one person/can by many
-draws a line between public activity and private interest
-Can be accessed by all, can't exclude , can't force to pay

Front 2

What is an externality? (2 points + example)

Back 2

-The external effect of someone's actions
-implies the the production of a public good or evil
eg. smoke, pollution, noise

Front 3

How do network goods prosper? (1 point + example)

Back 3

-The more users, the higher the benefit
eg. internet, a language, currency

Front 4

What are pure public goods? (1 point + example)

Back 4

-can be consumed by more than one person without reducing other people's utility
eg. an apple should regenerate after a bite in theory

Front 5

What's a rival public goods (1 point + example)

Back 5

-The addition of users can diminish/eliminate the utility of others
eg. clean air/ water

Front 6

What are common goods? (1 point)

Back 6

Rival or congestible goods that are not excludable

Front 7

What is the tragedy of the commons?

Back 7

-provision of public goods may involve redistributive competition, because people may have varied preferences for different goods
-different people can experience different benefits + costs from public good, up to a point of differing as to whether some of them are goods or evils

Front 8

Explain the relation of public expenditure and public goods

Back 8

Demand/supply tend to expand with:
-economic prosperity, promoting more demands of public goods
- institutional stability, favoring collective action
-democratic government, inducing leader's supply