Question 1a why does government intervene in the markets, Ask an Expert

Accounting

Question 1:

(a) Why does Government intervene in the market's allocation of resources even if the economy is Pareto efficient?

(b) What are the principal reasons why markets fail to produce efficient outcomes?

Question 2:

(a) Explain the characteristics of an efficient tax system.

(b) Use demand and supply model to analyse the impact of a specific tax on the producer, consumer and government.

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Taxation, Accounting

Category:- Taxation
Reference No.:- M9585689

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