Type:

Video

Description:

Can walking silly be subsidized? Prof. Art Carden has developed some silly walks and is seeking payment for his work. Since he cannot find anyone to pay him voluntarily, perhaps he should apply for a government subsidy for producing silly walks. But while silly walks may benefit society, the fact that people will not pay for their development voluntarily indicates that people do not value silly walks as much as other things people would pay Prof. Carden to do.

Subjects:

  • Social Studies > Economics

Education Levels:

  • Grade 11
  • Grade 12
  • Higher Education

Keywords:

subsidy, economics, prices

Language:

English

Access Privileges:

Public - Available to anyone

License Deed:

Creative Commons Attribution 3.0

Collections:

None
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'P' - This is a trusted Partner resource

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