What do lessons on normative economics tell

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Problem 1: Governments create policies related to the provision of public and non-public goods based on what they ultimately choose to provide or not to provide. Government inactivity or non-provision of goods and services can affect the production of public and non-public goods as much as active allocation of these resources (as well as the associated policies that would directly and indirectly affect such allocations). What do our lessons on normative economics tell us about such undertakings?

Reference no: EM132975479

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