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Chapter 13: Government Spending, Taxing, and National Debt

Chapter 13: Government Spending, Taxing, and National Debt. Size of Government. Government expenditures as a percentage of GDP have grown from 23% in 1960 to % in 199 Expenditures of Federal government have risen from 17% to % of the GDP between 1960 and 199.

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458 views • 21 slides

Chapter 6 Markets and Efficiency

SECTION III General Natural Resource Issues. Ch6: positive economics; how markets function in the case of natural resources Ch7: normative economics; public policy. Chapter 6 Markets and Efficiency. 1. Market Demand and Supply. Demand curve

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342 views • 18 slides

Externalities

Externalities. Negative Externalities; Regulation, Pigovian Taxes, Tradeable Permits. Negative Externality: MSC>MPC. Negative Externality. With Perfect Competition, MSB<MSC. Too Much Produced Deadweight Social Loss Optimal Pollution >0 Solutions? Regulation and taxes

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1.24k views • 10 slides

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Chapter 13: Government Spending, Taxing, and National Debt

Chapter 6 Markets and Efficiency

Externalities