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problem1. What are the chief functions in designing a good tax system?

problem2. Illustrate in brief how tax systems affect economic efficiency.

problem3. The trade unionists advocate a change from a 15% flat rate on income tax to graduated tax starting at the rate of 5% to 15% accompanied by incentives for educational and housing allowances? What do you think might be the implications?

problem4. The national budget exercise is nothing more than a political exercise. Describe.

problem5. What do economists mean by word ‘efficiency’?

problem6. What do you understand by the term merit goods? What is government’s responsibility in redistribution?

problem7. Why might government intervene in the market’s allocation of resources, even when it is Pareto efficient?

problem8. Even if there is no consensus over the use of cost-benefit analysis, cost-effectiveness is a goal that can draw on wide support. describe.

Public Economics, Economics

  • Category:- Public Economics
  • Reference No.:- M95490

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