1. What are the four key questions to consider in the study of public finance?

2. What role does the U.S. Congressional Budget Office play?

3. Distinguish between a public good and a private good. Give examples.

4. How do we measure the costs and benefits of public projects?

5. Define the following:

a) Coase Theorem

b) Free Rider Problem

c) Crowd-out Effect

d) Tax Incidence