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fenix001 [56]
3 years ago
7

NICKEL AND DIMED

Advanced Placement (AP)
1 answer:
Rus_ich [418]3 years ago
3 0

Answer:

B

Explanation:

i got it right

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1. What economic question(s) does this case require the town to ask? (2 points) 2. List the possible resources that the town wou
Oxana [17]
I don't have the last answer, but here are the rest of them

<span>1.  </span><span>What economic question(s) does this case require the town to ask? (2 points)  </span>

<span>a.           </span>Should the dog park be built?

<span>b.           </span>Should the schools be expanded?

<span>c.           </span>Should the land be sold to the man who wants to build luxury homes?

 

<span>2.  </span>List the possible resources that the town would need to construct and maintain the park. (2 points)

<span>a.           </span>Fencing.

<span>b.           </span>Waste bag dispensers

<span>c.           </span>Playground-like area

 

<span>3.  </span>What town resource(s) are scarce? (1 points)

<span>a.           </span><span>money  </span>

<span>b.           </span>material

 

<span>4.  </span>Who will be the consumers using this public good<span>? (2 points)  </span>

<span>a.           </span>The public who own dogs

<span>b.           </span>7,000 registered dogs

<span>c.           </span>Unknown amount of unregistered dogs.

 

<span>5.  </span>What is the opportunity cost <span>of building this park? Explain. (5 points)  </span>

<span>6.  </span>Identify at least one pro and one con for each of the following options: (5 points)

<span>a.  </span><span>leaving the land undeveloped  </span>

<span>b.  </span><span>selling the land to real estate developers to build homes  </span>

<span>7.  </span>What, if any, market failures might exist in this town? Explain. (3 points)

<span>a.           </span><span> What if the dog park is built, and is unused?</span>

<span>b.           </span><span>What if the land is sold to build luxury homes, and they are too    expensive to be bought/rented?</span>

<span>c.           </span>What if the school is expanded, and isn’t filled?

<span>d.           </span> 

<span>8.  </span>Create a chart that identifies the positive and negative externalities <span>of building the  park. Explain the effect of each externality. (Hint: You may use the charts on pp.  </span>

64−65 as a guideline.) (6 points)

 

<span> <span><span> <span> Pro’s </span> <span> Con’s </span> </span> <span> <span> The dog park offers space for dogs. </span> <span> What if land is wasted? </span> </span> <span> <span> Gives dog owners a space of their own to interact with their pets. </span> <span> What if the luxury homes deal was better? </span> </span> <span> <span> Having the extra park space will make the town to be more family and pet friendly. </span> <span> What about the cost to build it? </span> </span> <span> <span> Could attract more families, along with their dogs. </span> <span> Money for school expansion will be lost. </span> </span> </span></span>

 

 

 

 

<span>9.  </span>How could the town government counteract the negative externalities<span>? (3 points)  </span>

<span>a.           </span><span>The building of the park will be used by over 7,000 registered dogs and their owners, and that means that there will be much money made.</span>

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