Economics Chp. 16 (1)

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Author:
hey_itsdarra
ID:
250749
Filename:
Economics Chp. 16 (1)
Updated:
2013-12-04 13:48:20
Tags:
OHS Economics
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Description:
2nd 9 weeks
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  1. Publicly used facilities, i.e. schools, highways, libraries, DMV testing, parks ( tax money)
    Public work projects
  2. Deemed socially desirable by government leaders, i.e museums, parks, ballets, concerts, swimming pools, Greenway, Dave Macon days
    Merit Goods
  3. Government deemed socially undesirable, i.e smoking, drinking, gambling, adult book stores, racetracks, casinos, managed by laws (regulation) or tax rates ( sin taxes)
    Demerit goods
  4. Healthcare cost for law income/ disabled
    Medicaid
  5. Healthcare assistance for the aged
    Medicare
  6. Side effects of a business or activity that effects a third party, good or bad. Pollution, bridge and dam construction, building standards in California (earthquake proof) protection of natural habitats, second hand smoke, DUI, quiet air zones
    Externalities
  7. Financial accounting 12 month period- for U.S government: Oct. 1st- Sep. 30
    Fiscal Year

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