Class Five : Public Spending And Public Choice Essay

Class Five : Public Spending And Public Choice Essay

Length: 897 words (2.6 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Class Five: Public Spending and Public Choice
Question Responds:
Yes, people who do not smoke cigars are bothered by the odor of the cigar, but the reality is that the cigar companies do not have to pay the cost of dirtying the air of the people who don 't smoke. Therefore the people who do not smoke incur the cost in the form of respiratory illnesses. For instance, if private constructing is impossible, then the externality or the consequence will be more cigars to be produced and consumed; because the cigar company owners and managers are not required to take account of the external cost that the odor of cigar smoke is imposing on other individuals. Therefore, the market price of cigars will stay low for the public because the buyers will be able to buy more.
a. Use a diagram of the market for the pesticide to illustrate the implications of a failure of orange producers’ costs to reflect the social costs of groundwater contamination.

b. Use your diagram from part (a) to explain a government policy that might be effective in achieving the amount of orange production that fully reflects all social costs.
The pesticide market diagram from part (a), illustrates that the government can implement an effluent fee or pollution tax to the orange growers; the third-parties have created an externality arises because the application of pesticides on orange trees is causing harmful contamination of groundwater. The annual application of the pesticide for the orange growers is essential to the production of oranges but not to society. For this reason, the effluent fee policy is effective in achieving the amount of orange production because it will charge the polluter for the right to discharge the contamination...

... middle of paper ...

... reason for this is because public schools provide educational services at a price below the market as long as they receive the subsidy funds from taxpayers. If private schools admit the students at a below–market net tuition, it will cause a lack of improvement in students performances because private schools will only provide educational services according to the amount of government subsidy funds for those services. Whereas, if the government simply provided students with grants to cover the current market tuition at a private school because private will not be restricted by the government subsidy and will provide more educational services to the student. For instance, it matters when schools receive payments from consumers because parents who are unhappy with the quality of services provided; have the choice of transferring their children to a different school.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Private Education : A Common Area For The Citizens Of A Society? Privatized Or Public Education?

- Equity - it’s a concept in economics that is always up for debate, due to its normativity. The world is in a constant discussion over whether or not certain situations and scenarios are equal for this party and that party. What is not usually up for discussion, however, is efficiency. Most of the time we use mathematics to determine the level of efficiency of something, but for equity. It’s not so simple. A common area in socio-economic debate is education. What is fair for the citizens of a society....   [tags: Private school, Teacher, Public school]

Better Essays
790 words (2.3 pages)

The Types Of Products Of Choice Essay

- The four types of products of choice include the Giorgio Armani, Gucci, Nike, and Adidas shoes. All of these products are from different companies and are all types of shoes, but are specifically meant for different company segments. By using the segmentation, targeting, and positioning strategy – a process of identifying the strategies a company uses to compete in the market – it is possible to establish a targeted marketing plan. Eventually, it will be possible to create a perceptual map that helps to determine the position of these four types of products....   [tags: Marketing, Pricing, Advertising, Graphic design]

Better Essays
1726 words (4.9 pages)

The Private Choice Essays

- The Private Choice Think of all the notable people you may consider as highly educated. If you look deep enough, chances are you can find out about their education, which is often private. Why do some people prefer a private education. What even classifies as a private school. One definition given by the Encyclopedia of American Education is “in modern American education, any school not operated or directly funded by a governmental agency” (793); these include religious, non-sectarian, military, postgraduate, and special education schools....   [tags: Education Schooling Essays]

Better Essays
1571 words (4.5 pages)

Social Class Starts at Home Essay

- ... Making this the ideal choice for the poor and undecided. Right in the middle of the other two choices is suburban living. Based on the fact that they are secluded to the city, but not to each other, they do not attract the rich. The relative build-quality of these homes makes it unaffordable to the poor. Here are where much of the middle class live. These choices are valuable to the person in search of purchasing a home; this also denotes the social class of many. The bigger, the better, as the saying goes....   [tags: home buying and socioeconomic status]

Better Essays
688 words (2 pages)

Essay on Obamacare's Heavy Toll on the Middle Class

- Obama care’s heavy toll on middle class Americans Obama care will pile thousands of dollars in new taxes and higher health costs on top of middle class Americans. According to the congressional budget office in 2020, Obama Care will spend $299 billion on a Medicaid expansion and new subsidy program for health insurance. These expenditures will primarily benefit 29 million people newly enrolled in Medicaid program that works out to nearly $8,000 for every newly insured American or about $21,000 per newly insured household....   [tags: insurance, taxes, health]

Better Essays
687 words (2 pages)

An Essay On Altering Public Space

- Who would have ever thought that you could enjoy a college English class. That was the case for me this past fall semester. Even though there were many hours spent planning, writing, and editing, the mixture of fun writing prompts and a great teacher resulted in a fun time all in all. This challenging class has taught me the importance of organization, how to be a better writer, and most importantly, how to have fun writing. If you were to ask me to write an essay before August, I would have picked up a pencil right away and just started writing, not understanding how significant an effect that having an outline can have on my writing....   [tags: Writing, Essay, Creative writing, Thought]

Better Essays
747 words (2.1 pages)

Free Public College Education Essay

- Free public college education is college education funded by charitable organizations and tax payer’s money as opposed to payment of tuition fee. In the United States of America college education is controlled by the states and they some are offering free public college while others are not. America has been in the debate of whether to make college education free in all the States or let it remain as it is currently whereby students fund themselves or get loans from the government to pay for tuition....   [tags: administrators, community colleges]

Better Essays
948 words (2.7 pages)

Public School Schools Should Not Be A Rigorous Education Essay

- Are children really being sent to school to get a rigorous education. This is a tough question. Children in America are being sent through a public education system that reeks of political and corporate manipulation. This design attempts to force every child into the same mold, which does not let the individual child express themselves, be recognized for their personal strengths, or get support for that with which they struggle. There are many things that continue to contribute to the degradation of education in America, and some of these are private investments in charter schools, No Child Left Behind (NCLB), and an overemphasis on standardized testing....   [tags: High school, Standardized test, Education]

Better Essays
968 words (2.8 pages)

Budget Cuts Should Not Reduce Professional Teaching Staff And Increasing Class Size

- Under the pressure of budget cuts, many educational institutions have no choice but to reduce professional teaching staff and increasing class size. However, this short-sighted solution can pose a threat to a school’s future. The consequence could be lower graduation rates and declines in enrollment. Traditionally, the state funding is set by a “quota formula” in which the Central Office dictate the number and types of positions that schools are to receive. According to the report on CPS Budget in the Fiscal Year 2014 (FY2014), the former quota formula “created disproportionate impacts, where one extra student coming or going could mean the difference in a full teacher position gained or los...   [tags: Education, High school, Teacher, School]

Better Essays
1016 words (2.9 pages)

Public Education Essay

- Public Education Education is an issue that touches everyone’s lives in one way or another. Whether you are a parent, student, teacher, taxpayer, or employee, the effects of education on society can be seen everyday. For this reason, public schools are a top concern among political leaders. Over the past twenty-five years, confidence in the nation’s public school system has dramatically declined. While the public for the most part seems to support their school district, criticism is not lacking....   [tags: A Level Essays]

Better Essays
1725 words (4.9 pages)