This document discusses six examples of government activities and the principles that motivate each one. Regulating cable prices aims for fairness and affordability. Providing food vouchers aims for equality and assistance to those in need. Prohibiting smoking in public aims for efficiency to protect health and reduce costs. Breaking up Standard Oil aimed for efficiency to prevent monopolies from causing higher prices and reduced innovation. Higher income taxes on the wealthy aims for equality and reduced inequality. Laws against drunk driving aim for efficiency to prevent accidents and reduce associated costs.
This document discusses six examples of government activities and the principles that motivate each one. Regulating cable prices aims for fairness and affordability. Providing food vouchers aims for equality and assistance to those in need. Prohibiting smoking in public aims for efficiency to protect health and reduce costs. Breaking up Standard Oil aimed for efficiency to prevent monopolies from causing higher prices and reduced innovation. Higher income taxes on the wealthy aims for equality and reduced inequality. Laws against drunk driving aim for efficiency to prevent accidents and reduce associated costs.
This document discusses six examples of government activities and the principles that motivate each one. Regulating cable prices aims for fairness and affordability. Providing food vouchers aims for equality and assistance to those in need. Prohibiting smoking in public aims for efficiency to protect health and reduce costs. Breaking up Standard Oil aimed for efficiency to prevent monopolies from causing higher prices and reduced innovation. Higher income taxes on the wealthy aims for equality and reduced inequality. Laws against drunk driving aim for efficiency to prevent accidents and reduce associated costs.
a.) regulating cable TV prices - This government activity is motivated by a concern
about fairness, specifically about making sure that the prices for cable TV are reasonable and affordable for consumers. b.) providing some poor people with vouchers that can be used to buy food - This government activity is motivated by a concern about equality as it aims to provide assistance to those who cannot afford to buy food. c.) prohibiting smoking in public places - This government activity is motivated by a concern about efficiency as it aims to protect the health and safety of non-smokers and reduce healthcare costs. d.) breaking up Standard Oil - This government activity is motivated by a concern about efficiency. The government broke up Standard Oil to prevent the market failure of monopolies, which can lead to higher prices, reduced output, and reduced innovation. e.) imposing higher personal income tax rates on people with higher incomes - This government activity is motivated by a concern about equality as it aims to redistribute wealth and reduce income inequality. f.) instituting laws against driving while intoxicated - This government activity is motivated by a concern about efficiency as it aims to prevent accidents, injuries and deaths caused by drunk driving, and reduce healthcare and other costs.