A private subsidy has what effect on the amount of a good or service produced? Is a private subsidy an appropriate policy to offset the inefficiency from an external cost or an external benefit?
What will be an ideal response?
A private subsidy increases the production of the good or service that is subsidized. A good or service with an external benefit is underproduced by a competitive, unregulated market. Because it increases the production, a private subsidy is the appropriate policy to overcome the inefficiency that is the result of an external benefit.
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Based on the data in the table above, which worker at Decent Donuts has the highest marginal product?
A) the fourth B) the fifth C) the sixth D) the seventh
By the end of the 20th century, the countries of origin of the new U.S. immigrants shifted away from its European majority. A smaller percentage of total immigrants arrived from Europe, and more and more came from Asia, Canada and Mexico
Indicate whether the statement is true or false