Superior Performance: Answer all of the questions talking point # 9, and 5 + more of the other 8 talking points.
Satisfactory Performance: Answer all of the questions in talking point #9 and 3 more of the other 8 talking points
1.Select one or more Public Goods —You are “Responsible” for producing it.
2.How “Non-rival” is it? Explain why the level of “Non-rival” is appropriate for your selected Public Good
3.How “Non-Exclusive” is it? Explain why the level of “Non-Exclusivity” is appropriate for your selected Public Good
4.Since Supply/Demand market equilibrium forces cannot determine “how much” should be produced, what “Criteria” have you chosen to determine “how much” to produce?
5.Decide how you will pay for the production of the Public Good – be specific.
6.You must sell your Public Good idea to Congress. Explain the benefits that will be received and who will receive them as a result of Congress approving your Public Good Project – be specific.
7.What are the positive benefits of how you have decided to pay for your Public Good
8.What are the negative impacts of how you have decided to pay for your Public Good
9.What should we do about “externalities”, which means threats to our environment from river and ground pollution or “climate change” caused by carbon dioxide emissions? (a) Should we fine companies for the externalities they create and use the money to repair the damage they did, or should we govern their production to stop their creation of externalities in the first place? (b) What is realistic? (c) How do you “quantify” the damage? (d) What do you do about the higher price to consumers for the products caused by the increase in costs associated with mitigating the externalities? For information on Public Good check on this: https://en.wikipedia.org/wiki/Public_good_(economics)
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