problem1. Illustrate the different reasons which would justify the devolution of fiscal powers between central government and lower levels of the government.
problem2. Describe the Tiebout model of fiscal decentralization and comment on potential challenges of fiscally-induced migration in the real world.
problem3. Examine the imperfections which characterise the market for medical insurance.
problem4. What are the impending techniques of financing health care in modern economy?
problem5. Why should government participate in supplying education?
problem6. Do you consider educational vouchers to be superior to free education in promoting the educational output? Discuss.
problem7. Describe, giving instances, what is meant by optimal taxation.
problem8. Illustrate the relevant channels through which tax evasion could be decreased.
problem9. Illustrate the validations for providing social security.
problem10. Make a distinction between the ‘Pay As You Go (PAYG)’ system and the ‘Funding’ system as social security arrangements in your country.