Group items tagged

In this article, a serious negative externality of a public good is presented: deaths in a public road, or more specifically a motorway. There are numerous preventable accidents occurring in the road, mostly due to police inefficiency, and neglecting of safety standards. This public good is definitely an example of a market failure.

This article talks about U.S. government spending on public health care. While the system is costly, it creates positive externalities. One of the main positive externalities here is the number of insured people in the United States. By providing a public good like health care, the government is protecting more of its citizens.

Education is a public goods provided by the government in almost all MEDCs. If education is a public goods, the previleidge to receive education does not get stripped away even if someone else receives. However, in Haiti where the earthquake hit hard, children cannot receive proper education. In a country under crisis, education may not be a public goods, but rather a produce only available for those who have the will to pay and the ability to pay.

This article talks about how Toyota's electric car has always had problems that need to be fixed. Toyota manages to solve thes problems and always brings back a better model. This article relates to Public Goods because the electric car is an invention that was created to help with air polution. Air is not something that can be bought or sold, and it is our reponsability to keep it clean. Toyota's electric car is providing an alternative to only using petrol to power cars.

President Obama hit the road again Tuesday to promote the new job-creation program he described as his No. 1 priority, but he refused to abandon his embattled health care legislation, vowing to "punch it through" resistance in Congress. The health care system proposed by President Obama is a public goods because it would be provided to anyone, with the interference of any to violate that right. Yet, Obama still struggles to push the health care plan through the resistance in the Congress.

Clean air is a public good, as it is non-rivalrous and non-excludable. The provision of clean air is a massive problem in China, because its rapid industrialization and high output has come at the cost of the environment, and subsequently created large amounts of toxic waste that is being released into the air and the water.

The government of Brazil has approved 61mn reals for the expansion of an airport. This expansion should reduce overcrowding in other airports. Because it is provided by the government, it is a public good. Because it reduces travel time, it creates a positive externality.

Toyota will recall 300,000 Prius hybrid vehicles because of brake flaws, newspapers reported Sunday, in the latest blow to the Japanese car giant reeling from safety woes that have sullied its reputation. this takes a tole on society for those who try to help unpollute the world. where this good is well, good and now its gone

This article talks about how the US government implementing Health care reform would have many positive externalities. In addition to producing an overall healthier population, the health care also provides more job opportunities for people not only in the health care industry but for people with MBA's as more people are needed to organize the growing sector.

This article gives an example of a service that causes positive externalities. It describes the addition of two new fire stations. According to the article's report, the positive externality of this service is that response times have been dropped by an average of 30 seconds, which can be the difference between life and death.

The British government promised not to raise any income tax, believing that the British labor would "rebuilt the economy, renew the society, and restore trusts in politics." This topic is relevant to this week's topic because delaying the tax increase is a type of deregulation. The consumer are likely to buy consumer goods before a leap in the tax rates occur and the extension of income tax delay would probably contribute to a small increase in AD since the disposasble income remains the same. The expectation of increase in tax rate would induce consumer to buy more product before the actual rise.

This article is talking about the UK's labour party wanting to rebuild the economy because the conservative party does not think that they deserve a fourth term. This article links to this week's subject because the labour party promised to keep 'business tax as low as possible' to give maximum protection to frontline public services.