{"id":6563,"date":"2018-02-05T15:37:56","date_gmt":"2018-02-05T15:37:56","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/chapter\/putting-it-together-public-goods\/"},"modified":"2024-04-25T22:14:17","modified_gmt":"2024-04-25T22:14:17","slug":"putting-it-together-public-goods","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/chapter\/putting-it-together-public-goods\/","title":{"raw":"Putting It Together: Public Goods","rendered":"Putting It Together: Public Goods"},"content":{"raw":"In this module, we learned that governments can either promote the supply of positive externality goods or inhibit the supply of negative externality goods through regulation or through financial incentives\u2014subsidies on the former and charges on the latter.\r\n\r\n<img class=\"alignleft wp-image-8434\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2042\/2018\/02\/25173519\/Belvoir-Community-Hospital-300x178.jpg\" alt=\"&quot;&quot;\" width=\"399\" height=\"237\" \/>\r\n\r\nLet\u2019s return to one of the questions we posed at the beginning of this module. Why does it make sense for society to subsidize\u00a0healthcare? It\u2019s because\u00a0healthcare has external benefits\u2014people at large benefit from living in a community of healthy people.\u00a0Healthy people are less likely to spread disease to others. Prevention of disease often costs less than treatment. If someone in a community gets sick due to lack of access to regular healthcare, the rest of the community may end up paying more through taxes when the ill person shows up at the local emergency room or hospital.","rendered":"<p>In this module, we learned that governments can either promote the supply of positive externality goods or inhibit the supply of negative externality goods through regulation or through financial incentives\u2014subsidies on the former and charges on the latter.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8434\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2042\/2018\/02\/25173519\/Belvoir-Community-Hospital-300x178.jpg\" alt=\"&quot;&quot;\" width=\"399\" height=\"237\" \/><\/p>\n<p>Let\u2019s return to one of the questions we posed at the beginning of this module. Why does it make sense for society to subsidize\u00a0healthcare? It\u2019s because\u00a0healthcare has external benefits\u2014people at large benefit from living in a community of healthy people.\u00a0Healthy people are less likely to spread disease to others. Prevention of disease often costs less than treatment. If someone in a community gets sick due to lack of access to regular healthcare, the rest of the community may end up paying more through taxes when the ill person shows up at the local emergency room or hospital.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-6563\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Putting It Together: Public Goods . <strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">Public domain content<\/div><ul class=\"citation-list\"><li>Fort Belvoir Community Hospital Emergency Room. <strong>Authored by<\/strong>: Reese Brown. <strong>Provided by<\/strong>: U.S. Army. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/health.mil\/News\/Articles\/2016\/11\/01\/Belvoir-Hospital-offers-credentialing-to-outside-providers\">https:\/\/health.mil\/News\/Articles\/2016\/11\/01\/Belvoir-Hospital-offers-credentialing-to-outside-providers<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/pdm\">Public Domain: No Known Copyright<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":29,"menu_order":15,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Putting It Together: Public Goods \",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"pd\",\"description\":\"Fort Belvoir Community Hospital Emergency Room\",\"author\":\"Reese Brown\",\"organization\":\"U.S. Army\",\"url\":\"https:\/\/health.mil\/News\/Articles\/2016\/11\/01\/Belvoir-Hospital-offers-credentialing-to-outside-providers\",\"project\":\"\",\"license\":\"pd\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"713e56d1-ec2c-49ba-b8a4-3ea110002530","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-6563","chapter","type-chapter","status-publish","hentry"],"part":6533,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/chapters\/6563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":8,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/chapters\/6563\/revisions"}],"predecessor-version":[{"id":9223,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/chapters\/6563\/revisions\/9223"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/parts\/6533"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/chapters\/6563\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/media?parent=6563"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=6563"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/contributor?post=6563"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/license?post=6563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}