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wrote...
Posts: 157
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2 months ago

Question 1.

A homeless family is given a government subsidy for an apartment in an affordable housing project. The apartment

• is not subject to the principle of rival consumption.

• is not a public good.

• is subject to the free-rider problem.

• has widespread benefits and concentrated costs.

Question 2.

A government-sponsored good is one that

• the political process has determined socially desirable.

• everybody will receive concrete benefits from.

• everybody is willing to support with funding contributions.

• is inherently valuable.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 13 times
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wrote...
Posts: 185
2 months ago
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Answer 1

is not a public good.

Answer 2

the political process has determined socially desirable.
1
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wrote...
2 months ago
Smart ... Thanks!
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