Question

Illustrate the following circumstances using community indifference curves and the local government budget constraint:
a. An unconditional grant increases both the quantity of public goods purchased and local taxes. b. A matching grant leaves provision of the public good unchanged.
c. A closed- ended matching grant has the same impact as a conditional nonmatching grant.
d. A closed- ended matching grant leaves local taxes unchanged.


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  • CreatedMarch 25, 2015
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