Business
Business, 07.02.2021 04:30, ericpatterson14

In each case listed below, can you rationalize the government policy on the basis of welfare economics? Note: consider social welfare and market failure. a. In Los Angeles, the police respond to 127,000 burglar alarms per year. There is no charge. (ninety-seven percent of the alarms are false.)
b. In 2011, the national endowment for the humanities provided 550,000 for the production of a documentary film on how rock music contributed to the fall of the soviet union.
c. The federal government regulates charry frozen fruit pies, requiring that at least 25 percent of each pie by weight contain cherries be blemished. There are no such regulations for apple, blueberry, or peach frozen pies.
d. Legislation passed in 2008 guarantees American sugar producers 85 percent of the domestic sugar market.
e. The national energy policy act requires that all new toilets flush with only 1.6 gallons of water. Most American homes have toilets that consume 5.5 to 7 gallons per flush.

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