Question: SECTION C 1. Write short notes on: a. Major functions of public finance (2.5 marks) b. Merit goods and mixed goods (2.5 marks) 2. Write

SECTION C

1. Write short notes on:

a. Major functions of public finance (2.5 marks)

b. Merit goods and mixed goods (2.5 marks)

2. Write short notes on: (5 marks)

  1. Pareto efficiency (2.5 marks)
  2. Pareto improvement (2.5 marks)

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