10. Explain whether each of the following government activities is motivated by a concern about equity or...

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10. Explain whether each of the following government activities is motivated by a concern about equity or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved.

a. regulating cable TV prices

b. providing some poor people with free prescription drugs

c. prohibiting smoking in public places

d. preventing mergers between major banks

e. imposing higher personal income tax rates on people with higher incomes

f. instituting laws against driving while intoxicated

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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10. Explain whether each of the following government activities is motivated by a concern about equity or...

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Principles Of Macroeconomics

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