Reference no: EM133126093

Question 1

1. While the government can influence the course of the economy, it is also extensively affected by what happens in the economy (Black et al. 2015). What factors can affect government's influence during a recession?
2. Outline the various dimensions used to measure access to health care in South Africa?.
3. To improve tax collection, taxes should be collected at the source. Elaborate on this statement.?
4. How does a perfectly competitive market cause market failure in the context of macroeconomic instability?
5. What is market failure and how does the absence of complete information in the market cause markets to fail?
6. It is important for meritorious goods to be supplied via the national budget. Do you agree with this statement? Support choice by defining merit goods and highlight at least four examples of how these goods become a merit to the society?
7. South Africa has been experiencing an increase in government spending over the years. Justify this phenomenon using Peacock and Wiseman's displacement effect.?
8. Outline the costs and benefits of subsidies to South African consumer?
9. To improve tax collection, taxes should be collected at the source. Elaborate on this statement.?
10. Foster care grants are grants paid to the parents or caregivers of children between the ages of one and 18 years who live with physical and mental disabilities. Do you agree? Support answer