The city of Boston and the city council have an issue with a company drilling for water due to environmental reasons and cost to the local citizens. Identify the various types of goods (private, public, and between) involved in city projects involving the city's water.

Explain how each involves the feasibility of exclusion and rivalry in use. What is the primary objective of a government program, in this case, with a company wanting to drill for water, and how was it being financed? what is the issues with the city financing it and how it would affect the citizens of the city versus the company paying for it and how will this affect the citizens water bill.

Explain the unintended consequences of the financing approach. Is that financing approach appropriate for the good involved, and what options might the government in the city of Boston area have for financing their objective?

Answer rating: 100% (QA)

I Private Goods i Private goods involve the exclusion of others from their use and are also rivalrous meaning they are limited in quantity Private goo... View the full answer