Classify the following goods as private goods, common pool resources, club goods, or public goods. a. Health
Question:
a. Health insurance
b. Radio spectrum
c. A video on YouTube
d. A mosquito control program in a city
e. A library’s collection of e-books
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
a Health insurance is a private good It is nonrival in that it can be consumed only by one person It ...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The accountant of Hantsport Ltd. (Hantsport) is currently preparing the December 31, 2017 financial statements. She has asked you to help her classify the following items: a. During December 2017,...
-
Classify the following social policies based on the approach taken to alleviating poverty: economic development, safety nets, or redistribution. a. The government of Zimbabwe reorganizes property...
-
Classify each of the following goods as a private good, a public good, or a mixed good and say whether it creates an external benefit, external cost, or neither. Chewing gum The Santa Monica...
-
Use the following information to answer the questions that follow.... The Big Cheese Company * 2019 2020 Interest Expense 200 1950 Cash 180 30 Property, Plant, and Equipment 16000 39550 Inventories...
-
Here is a scatterplot showing the regression line, 95% confidence intervals, and 95% prediction intervals, using 2012 youth unemployment data for a sample of 33 nations. The response variable is the...
-
Reagan Simmons is conducting the audit of Ace Inc., and is using MUS to select a sample of inventory items for examination. The recorded balance in Aces inventory account was $ 1,200,000. In carrying...
-
How ethical is it for Southwest managers and HR specialists to make observations about the behavior of job candidates even when the candidates do not know that they are being evaluated? LO.1
-
From a recent production run of compact fluorescent (CF) bulbs, you select a random sample of 10 bulbs. Using an accelerated bulb life simulation, you find that the average life for the bulbs in the...
-
The equation c=27.5t+829 represents the relationship between the total average cost of an iPhone each year, c, in dollars, and years since 2020,t. The cost for an Android was $789 in 2020 , and has...
-
You are creating a customer database for the Lehigh Valley IronPigs minor league baseball team. Draw a project network given the information below. Complete the forward and backward pass, compute...
-
What are Pigouvian taxes and subsidies? How do governments decide when to levy a tax or provide a subsidy?
-
How do public goods differ from common pool resources? Explain.
-
Pepper Companys earnings were approximately the same in 2016 and 2017. Even so, the companys P/E ratio dropped significantly. Required Speculate about why Peppers P/E ratio dropped significantly...
-
9. [10] Suppose that B and W are BMs and that they are correlated with correlation coefficient P (-1, 1) in the sense that the correlation coefficient between Bt and Wt for all t>0. Then we can...
-
You have just incorporated and started your business. Your corporate pre-tax profit is $40,000. This is your only source of income. This income is eligible for the Small Business Deduction and is...
-
4. Provide the information requested in the statements below: a) Find and draw all C's that do not contain H's (if any). For this, redraw the structure where you show the d ('s). N b) Find and draw...
-
Suppose that f(x) = 8x + 5. (A) Find the slope of the line tangent to f(x) at x = 7. (B) Find the instantaneous rate of change of f(x) at x = -7. C) Find the equation of the line tangent to f(x) at x...
-
Whichof the following regarding the relationship between business risk and financial risk is least accurate based on our discussions in class? A. Business risk represents uncertainty caused by...
-
Which of the following is not professional guidance provided by the IIA? A. COBIT B. GAIT C. GTAG D. IPPF
-
The senior management at Davis Watercraft would like to determine if it is possible to improve firm profitability by changing their existing product mix. Currently, the product mix is determined by...
-
Predatory pricing is: (A) Setting a price below the costs of production so as to bankrupt competitors. (B) Setting a price low to capture a large share of a new market. (C) Setting prices high to...
-
1. A price-discriminating firm will charge a higher price to consumers with a relatively ________ (elastic/ inelastic) demand and a lower price to consumers with a relatively ________...
-
1. A profit-maximizing firm picks the quantity of output at which ______ equals ______. 2. Arrows up or down: At a firms current level of output, marginal revenue exceeds the marginal cost. The firm...
-
1. A profit-maximizing firm picks the quantity of output at which ______ equals ______. 2. Arrows up or down: At a firms current level of output, marginal revenue exceeds the marginal cost. The firm...
-
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
-
To fund your dream around-the-world vacation, you plan to save $1,300 per year for the next 14 years starting one year from now. If you can earn an interest rate of 5.83 percent, how much will you...
-
On NSE (Indian stock exchange), shares of ICICI Bank trade for 935 rupees. If the spot exchange rate is USD 0.012, what is the no-arbitrage USD price of ICICI Bank ADR? Assume that transactions costs...
Study smarter with the SolutionInn App