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Eco Gov Interven > Information Provision > Flashcards

Information Provision Flashcards

You may prefer our related Brainscape-certified flashcards:
U.S. Government Basics flashcards AP® U.S. Government flashcards
1
Q

Def

A

Government provide information through education or by advertising the benefit or harmful effect of a good

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2
Q

Demerit

A

Giving info. Enables to understand the harm done. Changing taste and pref. Consumer less incentive. Demand curve d1 to d2. Lowers the equilbrium price p1 to p2. Contraction of supply q1 to q2
Social optimum
Correcting oversumption

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3
Q

Merit good

A

Giving info. Understand the benefit changes taste and preferences.
More incentive shifting demand to the right d1 to d2.
Increase equlilbrium price p1 to p2
Extention of supply q1 to q2
Correcting underconsumption

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Eco Gov Interven (6 decks)

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