Author Question: What is the government's major problem involved in reaching the optimal level of provision for ... (Read 78 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
What is the government's major problem involved in reaching the optimal level of provision for public goods?
 
  What will be an ideal response?

Question 2

If a country's currency ________ the dollar, its exchange rate is fixed.
 
  A) is exchanged in currency markets for
  B) has a floating exchange rate value which is equal to
  C) depreciates against
  D) is pegged to



leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Answer to Question 1

To produce the optimal amount of each public good, the government must know everyone's preferences. Surveys about the willingness to pay may be biased if individuals have incentives to hide their true feelings.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library