ECON 1000 Midterm: ECON 1000 Kennesaw State ECON1000 Fall2016 Exam3B Key
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Consider a good for which there is a positive externality. If this good were simply provided in a free market without any government intervention, then less than the efficient amount of the good would be traded. Darnell and emily are registered to vote in maine. They were recently discussing question 5, a ballot initiative that would establish ranked-choice voting for statewide elected positions. During their conversation emily stated, i haven"t really researched the proposal. Two of the notable differences between their jobs are that pat gets to work in a climate controlled office building year-round and chris runs a greater risk of being severely injured on the job. Based upon this information, it would seem reasonable to infer that at least part of the difference in incomes between the workers is due to compensating differentials. As of 2012, government spending on welfare programs in the u. s. was roughly billion (about 6% of gdp).
