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zhannawk [14.2K]
2 years ago
7

What is the difference between public goods and private goods and why government action is necessary to ensure the provision of

public goods
Social Studies
1 answer:
Pani-rosa [81]2 years ago
8 0

Answer:

In economics, a public good refers to a commodity or service that is made available to all members of a society.Public goods also refer to more basic goods, such as access to clean air and drinking water.

The opposite of a public good is a private good, which is both excludable and rivalrous.

Explanation:

These goods can only be used by one person at a time — for example, a wedding ring. In some cases, they may even be destroyed in the act of using them, such as when a slice of pizza is eaten. Private goods generally cost money, and this amount pays for its private use.

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Based on the information in the scenario, describe the absolute and comparative advantage held by each worker in Hector’s office
yan [13]

Answer:

In an office, every employee has an absolute and comparative advantage depending on the type of work he/she is best at.

In Hector's office, the employee Sasha worked as a computer designer and was excellent in her work. This means that the employee Sasha had an absolute  and comparative advantage as she was efficient in her work and hence, there was no opportunity cost of her side of work.

The employee, Maurice was best in logo designing. Hence, he had a absolute and comparative advantage as he was good in logo designing and their was no other opportunity cost for his work.

5 0
3 years ago
Read 2 more answers
why was Washington concerned about the creation of political parties ? did the Constitution address the concept of political par
Reika [66]

Answer:In the long history of the United States, only one president, George Washington, did not represent a political party.

Explanation:

4 0
3 years ago
Anthropologists argue that generalized reciprocity (exchanging gifts) Group of answer choices helps bind people together by crea
jenyasd209 [6]

Answer:

--helps bind people together by creating bonds of mutual obligation.

---is only appropriate when people do not expect anything in return for their gift.        

Explanation:

Reciprocity is the act of giving a person a gift without expecting something in return. Generalized reciprocity creates a moral obligations among the people in the society. This is usually practiced among common  friends and people who are closely attached to one another.

When there is a reciprocity, a smile or love or kindness or thank you is always  included in the exchange. It binds the people together and bring them close top each other in the society by binding them with mutual obligations.

6 0
3 years ago
What nation is described by these statements?
shtirl [24]

Answer:

B). Japan

Explanation:

The top 5 economies are:

US

China

Japan

Germany

UK

So there we have the answer already. To add to that, Japan is the only one out of the 4 options that's highly industrialized and has little to no land available for farming.

5 0
3 years ago
What are the largest 3 ethnic groups? and what are the fewest 3 ethnic groups?
icang [17]

I beileve they are-

American Indian or Alaska Native.  

Asian

Black or African American.

im not sure about the fewest ethnic group s tho.

hope this helps.

6 0
3 years ago
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