Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781305176799
Author: Gwartney
Publisher: Cengage
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Chapter 1, Problem 2CQ
To determine
Impact of providing scarce goods.
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The government should provide such goods as health care, education, and highways because it can provide them for free." Is this statement true or false? Explain your answer
Is “fairness” the economic basis for government laws and regulations designed to remedy market failures? If so, why; if not, what is the economic basis?
Which one is better? Equality or Equity? Give an example in which the government has done such a thing.
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Macroeconomics: Private and Public Choice
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