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Retirement benefits are provided through a merit tax.
What else can I help you with?
What merit goods do the US government provide through a payroll tax?
Health care is a merit good the U.S. government provides through a payroll tax. Medicaid is paid for by a payroll tax.
What merit goods does the US government pay for through the Medicaid payroll tax?
Retirement benefits -- apex.
Can the market provide a public good on its own?
can the market provide a public goods on its own? government policies about public goods?
What is merit goods?
Merits goods are the goods that a state or government must provide for its citizens to satisfy their basic necessities.
In the circular flow of goods and services what does the government use money payment to provide?
Goods and services
The government needs to provide to provide public goods for what reason?
private companies can not benefit by providing them
Match each role with the action performed by people playing that role.?
consumer-provide labor and investment producer-provide individual goods government-provide public goods
Where does the government get money to provide goods and services?
Government spending comes directly from taxes. The government also borrows money.
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
Why does the government need to provide public goods?
The government needs to provide public goods because these goods are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from their use, and one person's use does not diminish the availability for others. This leads to market failure, where private markets may underprovide or not provide these goods at all, such as national defense, public parks, and street lighting. By providing public goods, the government ensures equitable access and promotes overall societal welfare. Additionally, government provision can help stimulate economic activity and address externalities associated with public goods.
What are the public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
What are public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
