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Author Question: What are the objectives of government taxation and spending? What will be an ideal ... (Read 91 times)

clmills979

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on: Jun 29, 2018
What are the objectives of government taxation and spending?
 
  What will be an ideal response?

Question 2

Which of the following is likely to use the concepts of game theory?
 
  A) Deciding on how much to spend on monthly groceries
  B) Exit decision of competitive firms in the long run
  C) International trade negotiation
  D) Pricing decision of a firm operating in a competitive market


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JYan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

There are four main objectives of government taxation and spending:
1. To correct market failures and externalities
2. To raise revenues
3. To redistribute funds
4. To finance operations

Answer to Question 2

C


clmills979

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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