When considering the loss of population in Detroit from the 1980’s on, it can be best explained by: The effects of multipliers when a city loses export sector jobs The impact of economies of scale in production The impact of negative externalities Pull theories of suburbanization The negative effects of urbanization economies

When considering the loss of population in Detroit from the 1980’s on, it can be best explained by: The effects of multipliers when a city loses export sector jobs The impact of economies of scale in production The impact of negative externalities Pull theories of suburbanization The negative effects of urbanization economies

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter4: Markets In Action

Section: Chapter Questions

Problem 19SQ

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Explain which of the following cases are classified as (A, B, C, or D) : (A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption: The corporate development of some free software to benefit students A software company that creates social media programs
Explain which of the following cases are classified as (A, B, C, or D) : (A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption: Almawassi village does not have a public fire department, some homeowners purchased private fire protection services to provide a positive externality to neighboring properties, which are less at risk of the protected neighbor's fire spreading to their (unprotected) house. Wakefulness due to a neighbor listening to loud music late at night. a person smoked heavily in a public place. A farmer who uses pesticides to produce vegetables A person planted ornamental trees along Salahiddeen street Creative laboratories which try to find vaccine for COVID 19 The corporate development of some free software to benefit students A software company that creates social media programs No. 2 3 4 5 6 7 8 Answer
QUESTION 16 16. Entering patient health care data into a database accessible to health care professionals across the medical profession and a wide region increases the ability to apply artificial intelligence to diagnostics and treatment of diseases. This is an example of a) Negative consumption externality. b) Positive consumption externality. c) Negative production externality. d) Positive production externality. QUESTION 17 17. Which of the following is an example of a negative consumption externality? a) water pollution impact of a paper plant b) honey production and pollination of fruit trees c) second-hand smoke d) vaccination against a communicable disease e) none of the above
When determining the number of public goods to produce, government must analyze the Marginal Social Benefit (MSB) and Marginal Social Cost (MSC) of each good so they can carefully choose the optimal number of goods to produce in order to Maximize the benefit to society. Answer the questions below about MSB and MSC. Then use the table below the questions to find the number of parks that the government should produce based on the information provided. You will need to complete the table to answer the questions. For questions 4-6 remember to use The Rational Rule to determine the answer to "how many" parks. 2. Define MSB 3. Define MSC 4. How many public parks will be built in this town? 5. If the MSC of each public park decrease to $300, what will be the change in the number of public parks built in this town be? 6. Now assume the social benefit gained with each public park is cut in half. As a social cost of $300 per park, how many public parks will be built in this town? Explain. Total…
What are the positive and negative effects of urbanization?
Describe the connection between urban ecology and sustainable cities. List three actions a city can take to enhance its sustainability
Which of the following best defines a public good? Select the correct answer below: A public good is an unfavorable spillover to a third party or parties. A public good is the estimated benefit going primarily to an individual. A public good is the dollar value of the benefits of a new product or process invented by a company that can be captured by other firms and by society as a whole. A public good is a product that is difficult for market producers to sell to individual consumers because it is non- excludable and non-rivalrous.
Explain the effects of suburbanization, disinvestment anddeindustrialization, and the potential of urban revitalization.
Externalities - Definition and examples An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is adverse, it is called a ___________ externality. The following graph shows the demand and supply curves for a good with this type of externality. The dashed drop lines on the graph reflect the market equilibrium price and quantity for this good.
Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good Public Good Common Resource Club Good A cabana along a beach that is open to the public A large, beautiful statue in a park A new SUV that you use to drive your friends around town
Question 43 Refer to the situation and table in Question 42. From an economic perspective, should the new street light be purchased? Group of answer choices Yes, because a majority of people in the town would get a net benefit from it. No, because not everyone in town gets a positive net benefit from the new streetlight. Yes, because it provides benefits to people in the town. No, because the total benefit from the streetlight would be less than the total cost.
Typically this kind of economic activity results in environmental harm through production and consumption externalities. When a country such as Econ Land manages to break the link between economic activity and environmental harm, it is known as ["decoupling", "uncoupling"] . Whether Econ Land has truly broken this link or not depends on the amount of ["export pollution", "import pollution"] they are responsible for, pollution in other countries resulting from the production of products consumed in the country of Econ Land.

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		The effects of multipliers when a city loses export sector jobs
		The impact of economies of scale in production
		The impact of negative externalities
		Pull theories of suburbanization
		The negative effects of urbanization economies