The objective of this assignment is to assess your understanding of the following learning outcome(s):
1. The rationales for government intervention in the economy
2. The efficiency and equity of resource allocations with and without government intervention
3. The basic Pareto model of efficient resource allocation and the way that it underpins economic thinking in formulating and evaluating public policy
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4. How to market failure results in inefficient resource allocations
5. The role that government and markets can play in implementing appropriate policy solutions
6. The role cost-benefit analysis and evaluation plays in policy decision making by governments Public Economics Homework Help