Distributing and rationing most government services

Reference no: EM131103981

1. How does the mechanism for distributing and rationing most government services differ from that for distributing goods through markets?

2. List some major political institutions and indicate how they translate desires into collective agreements.

3. What is a production-possibility curve? Show how such a curve can be used to explain how private goods and services must be sacrificed to obtain government goods and services.

4. What is the real cost of government expenditures? Think about your estimate of the taxes you pay and what you could have purchased with that money.

Reference no: EM131103981

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