Types of Policies and Goods

Front

What is the role of regulatory policy in the economy?

Back

To maintain law and order, protect property rights, and enforce contracts

Front

It is a category of public policy that involves the allocation of services and benefits to particular segments of the population.

Back

distributive policy

Front

It is a type of policy that refers to the impositions of restrictions or limitations on the behavior of individuals and groups that reduce the freedom or discretion to act among those regulated.

Back

regulatory policy

Front

Which type of classic policy have costs that are concentrated and so are the benefits, but different groups bear the costs and enjoy the benefits?

Back

redistributive

Front

A pure private good

Back

is excludable and isn't shared

Front

A public good

Back

can be shared and isn't excludable

Front

Streetlights are considered

Back

a public good

Front

Goods that all people may use but that are of limited supply

Back

Common goods

Front

A good that is available to many people but is used only by those who can pay the price to do so

Back

Toll Goods

Front

The "Tragedy of The Commons" is...

Back

Economic issue where individuals tend to take advantage of the natural resource and it becomes unavailable for everyone.