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Act5-1-1ExternalitiePublicGoodsandImperfectinformation2009-2010

Act5-1-1ExternalitiePublicGoodsandImperfectinformation2009-2010

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Name: _____________________ Date: ______________________ Class: ______________________ 1 Unit Five Lesson One Activity One 5-1-1 Externalities, Public Goods and Imperfect Information Chapter 14 pages 305-323
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4. Ward is thinking about buying fire insurance for his store. Explain how an adverse selection might occur before the policy is issued. Explain how a moral hazard might occur after the policy is issued.
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Unformatted text preview: 5. Which item below best fits the characteristics of a public good? Why? Give me a complete answer you fool!!-A high school classroom-A Television-A Lighthouse-The Smithsonian National Air-Space Museum-Trash collection-Emergency care for the ankle you broke while doing something you had no business doing like rollerblading. 18...
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