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Effective government role in an economy

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Reference no: EM132132721

What Role for Government?

In Chapter 3, Wheelan describes a number of ways in which the "government is your friend" in a well-functioning society and economy. List and explain two ways that, in your everyday lives, there is a need for an effective government role in an economy.

Explain how this government role does, or does not, solve a market failure such as an externality.

Reference no: EM132132721

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