Question

1) Give 3 examples of Public Choice?

2) Describe a long term plan to increase wages.

3) Free riders and how they pay for public goods?

Need help with these 3 homework questions.

Answer 1

1) The public choices are related to goods and services used or consumed by the society and not for any individual, whichis fiananced by the governement. The 3 public choices are Elementary School, National Parks, Fire departments, etc.

2) The increment in wages are necessary with the development and expansion of society, increment can be done by varies process like industry educational support, Wellness Program, Flexible and collborative working options, etc

3) Free riders are directly associated consumption public goods, Excess consumption of a public good when the people who have the ability to payfor it, especially by paying taxes may lead to the non-production or under-production of a public good.