What is the rationale for public provision of such services as education and primary health care? What alternatives to public provision might be considered?
What will be an ideal response?
The rationale would normally be provided in terms of externalities. Alternatives would be private provision (with and without regulation), and government contracting to private providers.
Economics
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The narrowest money measure is
A) currency plus non-interest bearing checking accounts. B) currency plus all checking accounts. C) currency plus all deposits at financial institutions. D) definitive money.
Economics
The study of the aggregate economic variables is
A) macroeconomics. B) microeconomics. C) positive economics. D) normative economics.
Economics