policy makers vs public revenue
QUESTION
The Role of Government
How should public policies be translated into discussions regarding the annual budget?A significant amount effort is dedicated to the process of creating new public programs. In your judgment, should policy makers be bound by the fiscal requirements of the various alternatives? That is, should certain policy alternatives be eliminated from consideration if they create significant fiscal demands on public revenue? Relate your discussion to the equi-marginal principle described in the lecture notes
ANSWER:
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