QUES TION 4 Which of the tolloing is an example of product with a positive extes

Question

QUES TION 4 Which of the tolloing is an example of product with a positive extesmality in consumption? cigarotte e education e loud music O shoes QUESTION5 Which of the folowing is NOT a way the government can increase the consumption of a good with a O require R by law O subsidize the consumer O subsidze the producer , & C are al legitimate ways of increasing consumpson positive exderality? QUESTION What is the opportunity cost of increased govemment activly? o higher taxes o private sector goods that could heve beon produced with resources used by govemment O higher national debt O higher unemploymenit QUESTION h2009 workers in the United States paid asocial security tax equal to 62% of al After that the tax rate was 0% what kind of tax is the social secuity tax? wages 6anedum#acap of S106.300 was ¡ Click Save and Subit to save and submit. Click Save All Ansuvers to save all aswers 4- 0

Explanation / Answer

Answer.)

Q4.) Education

Education is an example of positive externality because of presence of marginal external benefits that leads to social marginal benefits higher than private marginal benefits.

Q5.) A, B & C are all legitimate ways of increasing consumption.

Q6.) Private sector goods that could have been produced with resources used by government.

Crowding out effect happens when increased government activity leads to reduction in private activity because government involvement leads to increase in opportunity cost of resources and that makes private players out of the Market.

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