Answered: The functions Public finance plays an…

The functions Public finance plays an important role in the economy of a country. Differentiate its role in Developed country vs in developing country

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 6SCQ: What are some steps the government can take to encourage research and development?

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Question

a. The functions Public finance plays an important role in the economy of a country. Differentiate its role in Developed country vs in developing country

b. Resource allocation is an issue in most Governments.
Highlight the role played or generated by the Government in this regard.

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