1. Social welfare is determined by considering both social efficiency and equity. Explain how the government can achieve the society social welfare by employing both equity and efficiency. 2. A major question for public finance is: Why do governments choose to pursue the policies that they do? We are (the public/people) particularly concerned about government failure, whereby government intervention can make problems worse, not better. Explain. 3. The government of Bahrain, to make education more affordable for students from poor families, the government has suggested allowing the student of any family with less than BD10,000 per year to attend university free. What are the direct and indirect effects of such a proposed policy by the government? 1. Social welfare is determined by considering both social efficiency and equity. Explain how the government can achieve the society social welfare by employing both equity and efficiency. 2. A major question for public finance is: Why do governments choose to pursue the policies that they do? We are (the public/people) particularly concerned about government failure, whereby government intervention can make problems worse, not better. Explain. 3. The government of Bahrain, to make education more affordable for students from poor families, the government has suggested allowing the student of any family with less than BD10,000 per year to attend university free. What are the direct and indirect effects of such a proposed policy by the government