All categories

3 years ago

Both public goods and common resources involve externalities.

Social Studies

1 answer:

s2008m [1.1K]3 years ago

5 0

Answer:

A ) The externalities associated with public goods are positive

e.g; a tornado siren providing externalities which is beneficial to other people and this can be gotten by users without payments

the free market quantity of public goods are generally less than the efficient quantity

B) Externalities associated with common resources are generally Negative

e.g when someone consumes a good from a common sources he generally leaves other with lesser amount of goods since he is not charged he consumes it excessively

The free market use of common resources is generally greater than the efficient use

Explanation:

Externalities are cost or benefit usually caused by a producer of a good or service but this cost is not financially received or felt by the producer. externalities can be positive or negative in nature.

They are caused financially by the consumer of the good. common resources are resources that can be reached and used by everyone without limitations.

You might be interested in

In at least four sentences, explain if rent control is a price floor or price ceiling. Then explain one advantage and one disadv

timofeeve [1]

Answer:

Rent control is the rent ceiling as it is the limit within which a house owner may charge a tenant for a certain house.

One advantage is that it provides a space for diversity instead of being occupied solely by the rich. On the other hand, it also reduces the maintenance effort of the landowner for it cannot recoup the maintenance fees with a rise in rent, as he is under the obligation of this rent control.

Explanation:

Rent control is a mechanism that controls the limits on which housing is done or given out. This allows a fixed limit that controls the prices of renting a place, to ensure there are no shortage of housing for the common people.

This phenomena of rent control is price ceiling as it sets a limit to which a landowner may charge for the place. It cannot be price floor for any house-owner can make the price as low as he wants it to be but rent control rather controls or sets the limit within which any housing is allowed or given out, so as not to unnecessarily or excessively put a burden on someone.

One advantage of this rent control is that it limits the landowners to charge excessively for a certain house. It provides a safety net for those looking for a house to rent and provides a space for all types of people to reside together instead of being solely occupied by only the rich. It became beneficial for those who could only afford a certain amount of money for housing.

On the other hand, this control of rent or rent ceiling is that it lowers or decreases the maintenance of the housing complex as house-owners cannot increase the rent to provide such maintenance efforts. 

6 0

4 years ago

When Tommy turned 16 he dropped out of school. He attempted to find a job but employers would not hire him because he did not ha

Alenkasestr [34]

Answer:

Differential opportunity

Explanation:

According to the Differential opportunity theory, lower class youths or low socioeconomic class youths or school drop outs whose legitimate opportunities are limited and short because of poverty or unemployment join criminal gangs and take up criminal career as a second chance to achieve success and wealth.

Thus Tommy, a school drop out and unemployed, is legitimated to pursue a criminal career according to the Differential opportunity theory.

Hence the answer is "Differential opportunity theory".

5 0

3 years ago

Which of these is strongly associated with panic disorder? A. Déjà vu experiences B. Food cravings C. Restless leg syndrome D.

Ahat [919]

Answer: D. Hyperventilation

Explanation:

6 0

4 years ago

Joshua designs a research study to investigate the relationship between two variables: the size of a person’s head and I.Q. leve

Wewaii [24]

Answer:

IQ and head size are positively correlated.

Explanation:

Correlational research: In scientific and psychological research, The term, "correlational research" is determined as one of the different types of "non-experimental research" methods in which an investigation, researcher, or experimenter tend to measure or evaluate two different variables and therefore assess and understands the "statistical relationship" between the given variables in the absence of any influence from the extraneous variable.

Positive correlation: Relationship between two different variables that move in a similar direction.

In the question above, Joshua can conclude IQ and head size are being positively correlated.

3 0

3 years ago

In a circular flow economy, firm supply

Bingel [31]

Answer:

The circular flow diagram simplifies this to make the picture easier to grasp. In the diagram, firms produce goods and services, which they sell to households in return for revenues. This is shown in the inner circle and represents the two sides of the labor market in which households supply and firms demand.

Explanation:

4 0

3 years ago