Economic Theory
Real Examples
Strengths & weaknesses
Comparison
100
What services/goods are usually provisioned by the government?
(Name at least one)
1. Education
2. Healthcare
3. Transport
4. Public utilities
5. National defense
100
Why do many countries decide to nationalize their healthcare industry?
What is to prevent the monopolization of the industry and guarantee healthcare access?
100
Why is direct provision of services like healthcare usually free to consumers?
(Think of Canada)
What is to ensure that all citizens can have access to the service
100
What is a similarity between price ceilings and direct provision?
What is to make goods and services more affordable for producers?
200
Draw a graph of direct provisioning
(It is sufficient to just have a basic sketch down; you don't have to include specific numbers)
200
Which sector do most countries decide to give their resources to and why?
What is healthcare and to avoid monopolization and guarantee free access to all citizens?
200
How does government involvement help maintain service standards
What is through quality control and enforcement of high standards?
200
How does consumer nudges act differently than direct provisioning?
What is nudges subtly influence consumer choices without mandating.
What is direct provision limits/eliminates consumer choices and ensures access to services.
300
Why does the government provide direct services in areas like healthcare and education, treating them as more than just commodities?
What is to ensure equitable access and uphold quality standards?
300
Why should a country decide to allocate a specific portion of their GDP towards education?
What is to make education a national priority and promote an easy way to learn for all?
300
How does a free market benefit sectors compared to government provision?
What is by encouraging firms to allocate resources more efficiently?
300
Why might a government want to implement direct provisioning rather than taxes and subsidies to guarantee a service?
What is because direct provisioning allows the government to give the service/good directly
400
Why does the government provide essential utilities instead of relying only on private companies?
What is to guarantee that everyone in society can access the good regardless?
400
How does direct provision prevent monopolies in the healthcare sector?
What is by making it publicly funded rather than controlled by private entities?
400
What financial drawback does direct provision of services have on the government?
What is the significant spending of money put through by taxing?
400
In terms of service provision, what is a different between taxes and subsidies compared to direct provisioning?
What is taxes and subsidies affects prices while not guaranteeing equal access, while direct provisioning's goal is to provide fair and equal access to all members of society?
500
Why might the government be more invested in some sectors over others?
What is to guarantee equal rights and standards for services that are seen as fundamental freedoms?
500
How does the allocation of GDP toward healthcare and education reflect a country's commitment to basic rights?
What is by ensuring that citizens receive essential services like healthcare and education, making them universally accessible, thus guaranteeing that citizen's have equal fundamental freedoms?
500
What issue might arise for citizens who are dissatisfied with government-provided services?
What is lack of choice or competition, making it hard to find alternatives?
500
How does direct provision help create market stability, unlike all the other methods?
What is by making sure that there is always an availability of services regardless of consumer choice/market fluctuations