Public goods and free riders/ the economics of President Trump
Market Failures, Taxes, and Subsidies: Crash Course Economics #21
https://www.youtube.com/watch?v=13JOGWzY8kE
How can free markets and governments work together?
1. Which would you choose: 2 or 6 points extra credit? Explain your answer: __________________________________________________________________________________________________________________________________________________________________________
2. Market failure occur when the free marked doesn't make adjustments for :_e_____________________
3. The government may choose two options to deal with these market failures:
a. regulatory _________________
b. market based ________________
4. How does the EPA enforce its policies? ___________________________________
5. Explain how Cap and trade helped to address the acid rain problem in the US? _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6. What was the benefits to the cost ratio in the cap and trade acid rain program? _______;________
7. Why is it so hard to address the climate change issue? __________________________________________________________________________________________________________________________________________________________________________
8. Identify one point (a reaction or comment) or question you still have with this video?
__________________________________________________________________________________________________________________________________________________________________________
Watch the Mr. Clifford AC/DC video on Public Goods and Free Riders
https://video.search.yahoo.com/search/video;_ylt=AwrE1.D0xqVe2K0ATEJXNyoA;_ylu=X3oDMTEyc2Vwdm8yBGNvbG8DYmYxBHBvcwMxBHZ0aWQDQjk1MzVfMQRzZWMDc2M-?p=mr.+cliffords+acdc+economics&fr=mcafee#id=8&vid=f5be54d91c61a4ca533b53857123ed0a&action=viewCP1 answer 5 of 6, Honors 6 of 6
1. Who produces public goods? Why did Republicans have a problem with President Obama's statement about who produces public goods?
2. Do Libertarians want more or fewer public goods?
3. What are the 2 things that make a good a public good?
4. Why doesn't the free market produce public goods?
5. What is a free rider?
6. Should the government step in to solve the dairy farmers problems due to Covid 19? Explain whether your answer would be more Democratic or more Libertarian.
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