This topic contains a solution. Click here to go to the answer

Author Question: How can market failure occur in the market for hybrid automobiles? What could the government try to ... (Read 87 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
How can market failure occur in the market for hybrid automobiles? What could the government try to do to improve the situation?

Question 2

The GI Bill provided educational opportunities to many young men returning from military service. Using a production possibilities curve, demonstrate how the GI Bill affected economic growth and explain your answer.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

An unregulated market could produce too few hybrid autos since these cars produce benefits for someone other than the buyers and sellers. As such, the government could provide a subsidy or tax credit to those consumers who purchase hybrid or other fuel efficient autos in an effort to promote more purchases and usage of fuel efficient vehicles.

Answer to Question 2

Implementation of the GI Bill shifted the U.S. economy's production possibilities curve in an outward direction. The availability of educational subsidies helped former soldiers attain higher levels of education, thereby adding to the nation's stock of human capital and improving the productivity of labor.




hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

For a complete list of videos, visit our video library