Providing Public Goods
Providing Public Goods
Economics E. Napp
1) What is a public good?
____________________________________________________
____________________________________________________
List three examples of public goods:
________________________
________________________
________________________
List two reasons it would be impractical to make individuals or companies provide these goods:
__________________________________________________
__________________________________________________
How are public goods paid for?
________________________________________
Who creates public goods?
_______________________________________
2) A free rider is a person who would not choose to pay for a certain good or service, but who would benefit anyway if it were provided as a public good.
Why are the majority of us free riders at heart?
__________________________________________________________________________________________________________________________
How does the government address the problem of the free rider?
________________________________________________________
________________________________________________________
3) What is a market failure?
______________________________________________________
______________________________________________________
______________________________________________________
What does the government do when a market failure occurs?
______________________________________
______________________________________
______________________________________
4) List two differences between the public sector and the private sector:
________________________________________
________________________________________
5) What is an externality?
__________________________________________________________________________________________________________________________
Externalities can be positive or negative. Why?
________________________________________________
________________________________________________
Provide two examples of positive externalities:
________________________________
________________________________
Provide two examples of negative externalities:
________________________________
________________________________
Give an example of the government’s attempts to encourage positive externalities:
___________________________________________
___________________________________________
Give an example of the government’s attempts to limit negative externalities:
____________________________________________
____________________________________________
6) After studying this lesson, why do you think taxation exists?
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- define public goods in economics
- because public goods are quizlet
- public goods market failure example
- public goods company review
- public goods lifetime membership
- public goods problem
- because public goods are
- public goods definition economics
- public goods and services
- public goods membership
- public goods review
- examples of public goods quizlet