EXPLAIN IN DEPTH ALL. 1400 words if possible

Something is referred to as a "double-edged sword" if it can have both favorable and unfavorable consequences. In what way might government bailouts of failing companies or financial institutions be a double-edged sword?

1. Give an example of each of the following:
2. a. A good that is rivalrous in consumption and is excludable.
3. b. A good that is nonrivalrous in consumption and is excludable.
4. c. A good that is rivalrous in consumption and is nonexcludable.
5. d. A good that is nonrivalrous in consumption and is nonexcludable.
7. Identify each of the following as an adverse selection or a moral hazard problem
8. a. A person with car insurance fails to lock his car doors when he shops at a mall.
9. b. A person with a family history of cancer purchases the most complete health coverage available.
10. c. A person with health insurance takes more risks on the ski slopes of Aspen than he would without health insurance.
11. d. A college professor receives tenure (assurance of permanent employment) from her employer and begins to work less hard.
12. e. A bank gives out a loan to a person who does not have a stable job.
13. Using the data in the accompanying table, answer the following questions:
15. a. For which good does Canada have a comparative advantage?
16. b. For which good does Italy have a comparative advantage?
17. c. What might be a set of favorable terms of trade for the two countries?
18. d. Prove that both countries would be better off in the specialization-trade case than in the no-specialization-no-trade case.
20. In the accompanying figure,

PW is the world price and PW + T is the world price plus a tariff. Identify the following:

a. The level of imports at PW

b. The level of imports at PW + T

c. The loss in consumers' surplus as a result of a tariff

d. The gain in producers' surplus as a result of a tariff

e. The tariff revenue received by the government as a result of a tariff

f. The net loss to society as a result of a tariff

g. The net benefit to society of moving from a tariff to no tariff Explain your answer.

Reference

Arnold, R. A. (2019).Economics(13th ed.). Cengage Learning.