Increase the amount of education within the economy

Assignment Help Business Economics
Reference no: EM131167295

The challenge that an economy will be facing is how to deal with an externality. You will find that an externality is a cost or benefit to a third party. A positive externality is a benefit to a third party and an example of that would be education. How do you think the government can increase the amount of education within the economy?

Reference no: EM131167295

Questions Cloud

Do you believe emv is the correct criterion to use : Does the optimal decision from part a remain optimal for a wide range of these parameters?- Do you believe EMV is the correct criterion to use in this type of problem involving environmental accidents?
Show that the patriots should go for the first down : Use a decision tree to analyze the problem. You can make some simplifying decisions: -  the game would essentially be over if the Patriots made a first down.
What are some reasons older adults fall : What are the major changes in physical appearance that occur with aging? How do these changes affect function? What are some reasons older adults fall? Name some ways in which the risk of falls can be prevented.
Briefly describe the story and point out a part of the story : Briefly describe the story and point out a part of the story that uses or discusses an idea from this class with your own brief commentary of the effectiveness of the article in describing the concept or other personal opinion about the story and ..
Increase the amount of education within the economy : The challenge that an economy will be facing is how to deal with an externality. You will find that an externality is a cost or benefit to a third party. A positive externality is a benefit to a third party and an example of that would be education. ..
What moral theory does jeremy bentham endorse : According to Tom Regan, which of the following should compel us to accept the equal rights of animals? Which of the following does Peter Singer assert about the principle of equality?
Calculate the probability that there will be at least 15 ups : Based on this posterior distribution, calculate the probability that there will be at least 15 ups in the next 30 price changes.
Why did large institutional investors not intervene sooner : How did the COMCO failure happen when the company was externally audited and how did the COMCO failure happen when the company appeared to comply with regulatory reporting requirements?
What is the approximate cost of the new boiler : A certain index for the cost of purchasing and installing utility boilers is keyed to 1988, where its baseline value was arbitrarily set at 100. Company XYZ installed a 50,000-lb/hour boiler for $414,287 in 2000 when the index had a value of 468. Thi..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd