To what extent should the government intervene in the market? – How much should the government raise tax and use this revenue to finance public spending on merit and demerit goods?

How to define economic welfare? For example, simple monetary terms, like real GDP – give only a partial reflection of living standards. Real living standards depend on other indexes like health care, quality of the environment.

To what extent can the government / Central Bank influence the macro-economy? – reducing unemployment, inflation, and promoting economic growth.

What is the difference between micro and macroeconomics?

What are the uses and limitations of economic data? the issue of cherry-picking data.

What is the importance of economics?

Does globalization help or hinder developing countries?

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To what extent should the government intervene in the market How much should the government raise tax and use this revenue to finance public spending on merit and demerit goods Answer government shoul... View the full answer