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Author Question: According to ________, an efficient mix of public goods is produced when local land/housing prices ... (Read 77 times)

Lobcity

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Question 1

Samuelson's theory of public expenditure demonstrates that


◦ government is inefficient and will always engage in too much spending.
◦ an optimal (or most efficient) level of output exists for every public good.
◦ an efficient mix of public goods is produced when local land/housing prices and taxes come to reflect consumer preferences.
◦ through government regulation of private industry, the optimal level of public good provision is achieved.

Question 2

According to ________, an efficient mix of public goods is produced when local land/housing prices and taxes reflect consumer preferences.


◦ Samuelson's theory
◦ the Tiebout hypothesis
◦ the Theory of Public Choice
◦ the Coase theorem


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Marked as best answer by Lobcity on Apr 19, 2019

SomethingSomething

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