Chapter 6 book public finance Flashcards
1
Q
A
subsidizing besides direct money
2
Q
effects from an economic transaction on those not involved in the transaction
A
externalities
3
Q
- tourism dollars (hotels, other outings)
- bars & restaurants
- near by retail
- transportation
- property values
A
positive externalities
4
Q
- traffic/congestion
- displacement
- crime
- public resources
- infrastructure stress
- pollution
A
negative externalities
5
Q
A
teams benefits of new stadiums
6
Q
A
fans benefits of new stadiums
7
Q
A
effect on competitive balance
8
Q
A
nationwide arena funding
9
Q
A
public goods- Non excludable, non rival
10
Q
A
externalities in supply and demand graphs
11
Q
A
externalities in the monopoly market
12
Q
multiplier equation =
A
multiplier =
1 / 1 - (MPC - MPM)
13
Q
A
multiplier effect
14
Q
A
marginal propensity to consume
15
Q
A
marginal propensity to import
16
Q
often spending just moves from one business to another or from one time to another
A
substitution spending
17
Q
A
leakages
18
Q
total economic activity equation
A
total economic activity =
