This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When government action is justified based on the argument that everyone agrees to be coerced _____. ... (Read 119 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jul 1, 2018
When government action is justified based on the argument that everyone agrees to be coerced _____.
 
  a. we cannot be sure that everyone is in favor of the action
  b. the same justification is true of market exchange
  c. we can be sure that the current state of affair is Pareto efficient
   d. the private interest becomes the public interest

Question 2

What is cost-benefit analysis? Suppose that you were asked to do a cost benefit analysis of tearing down an elderly woman's ancestral home to provide space to expand a local high school. What difficulties might you encounter?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

In cost-benefit analysis, a dollar value is placed on all the costs and benefits associated with a particular project. If the benefits of an action are greater than the costs of an action, it is in the public interest (according to the criterion). In the case above, the main difficulty would be in placing a dollar value on the woman's home as compared to the dollar value of the expanded school. Being here ancestral home, the woman probably places a high value on the house, probably much higher than market value. On the other hand, hundred s of students will gain enjoyment from the expanded school and it would be very easy to overstate their potential benefits since a small change in the enjoyment they each get from the expanded school will be multiplied across many individuals.


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Traditional animal phylogeny based on body plans. Traditional animal phylogeny based on body plans.
Ion Movements During the Action Potential Ion Movements During the Action Potential
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Chromatography Resin in Action Chromatography Resin in Action
Tissue-specific enhancer action Tissue-specific enhancer action
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library