Which of the following is a good example of a congestible public good?
A baseball field is:
A means of creating a price-excludable public good is:
An example of an undesirable public good (or public “bad”) is:
The marginal cost of making a given quantity of a congestible public good available to more consumers is:
Public transportation is:
The efficient output of a pure public good is achieved at the point at which:
The demand curve for a pure public good is:
The nonrival property of pure public goods implies that the:
The principle of nonexclusion for pure public goods means that the benefits of the good:
The free-rider problem:
Cable TV programming is an example of a:
There can exist no Public Good, by definition, if there is no Public informing it. The Public is comprised of stakeholders who have a share in whatever outcomes are being determined. Benefits afforded to members of the Public delineate the Public Good. Then, Progress, in turn, arises from the continuous contributions made to the Public Good.
While most people would agree that contributions made toward the Public Good constitute as Progress, very few people could agree on what the Public Good…
Allocative efficiency requires business to supply the optimal amounts of all goods and services demanded by society, and they are rationed to individuals who place the highest value on consuming them. Well-functioning competitive markets deliver the best possible price and quantity that achieves social economic efficiency (Thomas & Maurice, 2013). Market failure occurs when a market fails to achieve social economic efficiency and fails to maximize social surplus (Thomas & Maurice, 2013). There…
According to Crittenden (2001), this separation has left the most hardworking people (mothers) as ‘dependents’ who are considered not working and who have to be supported. This devalues the individuals who work as their child’s caretaker making it appear that raising a child does not include labor intensive work. Even though the future of the economy is in the hands of those who are raising the next generation's human capital they are viewed as a private good. Since human capital accounts for…
Despite the overwhelming evidence confirming anthropogenic climate change deterrents continue to argue that there is still an open debate on the subject. However, the real debate only lies in the political realm. Conservatives refuse to make policy action on climate change resolutions while large industries continue to invest money into creating uncertainty among the public. For example, “The United States continues to struggle with a broad and coherent climate
and energy policy. The last…
million dollars in order to build the Raiders Stadium, which they assure will not burden the residents of Las Vegas. Instead, they guarantee that the tax that will help pay for such a large sum will be a hotel room tax which would not affect the residents of Las Vegas and instead will affect tourist. The room rate, tax would increase from 12.9 to 14.28 percent. However, a stadium in Las Vegas is still a large change and without knowing if the increase in tax will actually be able to pay for the…
Almost nothing good comes from public schools. I hear that public school is a place where fights, drugs, shootings, and terrible teachers can happen. Only one thing good comes from public schools, all kids can go to get some education and parents can go to work then. I see schools as necessary but need more improvement. Parents have to deal with their kids bad attitudes that they can pick up from school. In some places, schools don’t have good security and shootings happen. Some teachers do not…
DuBois Area High School, which is a public high school in a middle class town. There was about 1200 students in my school so I knew a lot of people but I would see new faces almost every day. I believe there are good things and bad things about public high schools because they have good and bad programs, they push you to go to college but have good opportunities if you are going to college, and they teach you based on the standardized test but have good liberal classes.
My school had a really…
However, it is undetermined if capital punishment is a public good due to the definition of a public good as something that is universal and a benefit to all people. Thereby, the basis of the death penalty may not fit the definition of a public good because it disrupts the satisfaction of others' (Meerman, 1980). Unfortunately, the cost of the death penalty is the lack of unanimity between the public and its representatives. Such was the case in 1988 when former Presidential Democratic candidate…
The subjectivity of what is “good” is substantially overestimated. Countless hours and innumerable pages have been spent quibbling over the boundaries, specifications, and quantifiers of the concept of good. But good has never been all that difficult to pin down. Certainly its trappings, its manifestations over the course of human history, may shift and change somewhat, but the things we as a species identify as “good” remain fundamentally static. What we think of as good, what we as people want…