Government Verified Ph.D. Review

Government and Budget Process

Research Requirement:

Use bolded statements as headings in your analysis I. Summarize the role of the government in the budget process. II. Analyze the role of the government in correcting externalities (some examples of negative externalities include water/air pollution, farm animal production, traffic congestion) and other market failures (Market failure is an inefficient allocation of resources). III. Justify the use of taxpayer resources to correct externalities and other market failures.
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