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For certain public projects such as building a dam on a river or a bridge to an island, what ...

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For certain public projects such as building a dam on a river or a bridge to an island, what ...

For certain public projects such as building a dam on a river or a bridge to an island, what procedure is a government likely to use to determine what quantity of a public good should be supplied?

• It conducts public surveys to determine if consumers want the product.

• It checks to see what current spending can be eliminated, and how much of the public good can be supplied from the spending cut.

• It takes a vote in Congress.

• It evaluates the costs and benefits of producing the good.

Textbook

Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

Read 54 times

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