The government should provide such goods as health care, education, and highways because it can provide them

Question:

The government should provide such goods as health care, education, and highways because it can provide them for free.” Is this statement true or false? Explain your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

See More Books

Question Posted: Oct 05, 2023 01:24 PM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Read the article and discuss the impact of adverse selection on private health insurance. How was the problem of adverse selection in health insurance solved by many nations? What were the three...
The figure shows a rotating wheel with radius 40 cm and a connecting rod AP with length 1.2 m. The pin P slides back and forth along the -axis as the wheel rotates counterclockwise at a rate of 360...
Discuss the practice of concurrent testing. Give an example or two of how it might be useful.
Find I1, I2, I3, and I x in the circuit of Fig. 10.84 10 Ij 1264 V ( 8 2 -j25
Suppose at time 0 you have arranged to be paid at time $T$ the amount $\int_{0}^{T} S(t) \mathrm{d} t$, where $S(t)$ is the spot price at $t$ of a commodity that can be shorted and has zero...
Efficient securities market theory has long been under attack from behavioural finance, which draws on psychological theories of investor behaviour to explain why security prices do not always behave...
flower pot sitting on a table. Sign Convention: Force Diagram: Net Force Equation(s): , Subscript Definitions: A chandelier hanging from a chain. Sign Convention: Force Diagram: Net Force...
Indicate how each of the following changes would influence the incentive of a decision-maker to undertake the action described. a. A reduction in the temperature from 80 to 50 on ones decision to go...
If Jones trades a used car to Smith for $5,000, nothing new is created. Thus, there is no way the transaction can improve the welfare of people. Is this statement true? Why or why not?
A 0.030-kg lead bullet hits a steel plate, both initially at 20oC. The bullet melts and splatters on impact. (This action has been photographed.) Assuming that of the bullets kinetic energy goes into...
During the Covid19 pandemic, some people wondered why biologists seemed unable to answer many questions about the virus, including why children rarely became seriously ill, why men were more likely...
Zapata, a Texas company, entered into a contract for Unterweser, a German company, to tow an oil-drilling rig from Louisiana to Italy. The contract stated, Any dispute arising must be treated before...
Craxton Engineering will either purchase or lease a new $756,000 fabricator. If purchased, the fabricator will be depreciated on a straight-line basis over seven years. Craxton can lease the...
During the period after the inflation rate began to rapidly increase in the spring of 2021, a number of news articles noted cases of hidden inflation. This hidden inflation took two forms: (1) The...
Suppose a company can replace the packing material it currently uses with a biodegradable packing material. The company believes this move to biodegradable packing materials will be well received by...
Keller Company makes two models of battery-operated boats, the Sandy Beach and the Rocky River. Basic production information follows: Keller has monthly overhead of $22,360, which is divided into the...
Represent each of the following combination of units in the correct SI form using an appropriate prefix: (a) m/ms, (b) k m, (c) k s /mg, and (d) k m N.
What are the factors that increase the likelihood that oligopolists will be able to restrict output and raise price? What are the factors that will reduce their ability to do so? How can game theory...
Historically, in many cities, taxi fares were often way above the market equilibrium rate, due to government licensing restrictions. In essence, these taxi cartels used government laws to earn excess...
Why is oligopolistic collusion more difficult when there is product variation than when the products of all firms are identical?
How do decision trees and stochastic models facilitate strategic decision-making in dynamic and uncertain scenarios?
From an investigative perspective, why is the targeted approach usually the most effective process to getting to the "truth" of the matter?
What Emerging Issues and Trends Surround The Hitech Health Care Policy? Health Care Trends That Surround Hitech Healthcare Policies. How Issues and Trends Surround The Hitech Health Care Policy

The government should provide such goods as health care, education, and highways because it can provide them

Question:

Step by Step Answer:

Production of scarce goods always involves a cost there are ...View the full answer

Macroeconomics Private And Public Choice

Students also viewed these Business questions