I AM STUCK PLEASE Help me with these five PUBLIC ECONOMICS QUESTIONS

QUESTION 1

• From a macroeconomic perspective, the role played by government capital investment can be briefly illustrated with the aid of a Solow-typ aggregate production function (Black, Calitz & Steenkamp, 2015). PLease Elaborate on this statement.
• What are bureaucrats and how do they contribute to government failure? Please use relevant South African examples.
• Help me Distinguish between the Pareto criterion and the Bergson criterion. Which criterion do you think is preferable and why?
• Please help me Briefly explain the impact of a Pigouvian tax on a producer/supplier.
• According to the Keynesian school of thought, the government has an important stabilisation function in the economy. What points would you use to disagree with this statement?
• Reading this extract below about nationalisation of the South African Reserve Bank and please help with the questions that follow.

"In its current form, the South African Reserve Bank Act allows private individuals, including foreigners, to own shares of the South African shareholders based on the share capital of the bank," said Shivambu. "The private shareholders through acquired shares, in terms of the South African Reserve Bank Act, have some role to play in the governance of the South African Reserve Bank, including the election of the directors, and receive dividends from the bank's profits."

Required: Do you think the SARB should be nationalised? Support your argument with not more than five relevant points.

QUESTION 2

According to Black, et al. (2015), X- efficiency alone is not an adequate measure of economic efficiency in an economy.

Do you agree? Please support your choice.

QUESTION 3

Reading the extract below and help with the question that follows.

"Between 1994 and 2011, South Africa transferred over 6.8-million hectares of land to people dispossessed under apartheid, according to a government mid-term review report released in Pretoria last week. These 6.8-million hectares represents 27% of the government's target of transferring 24.5-million hectares by 2014. The report, released by Minister in the Presidency for Performance Monitoring and Evaluation Collins Chabane in Pretoria on Friday, reviews the progress made by the current administration at the November 2011 mid-point of its 2009-14 electoral term. It indicates that from 2009 to December 2011, about 823 300 hectares of land were acquired and allocated to 20 290 beneficiaries, an improvement over previous years that "indicates that our systems are improving". Source: Brand South Africa (2012)

Please help Briefly explain how Nozick's entitlement theory can be applied to the land issue in South Africa.

QUESTION 4

By reading the extract below and please help the question that follows. Government failure is organised into two types: substantive and procedural. Substantive failures include the inability or unwillingness to maintain order, to maintain sound fiscal and monetary policies, and to reduce risks of transaction costs, which we classify as corruption, agency and rentseeking. Procedural failures are inadequacies of available social choice mechanisms, causing collective decisions to be arbitrary, capricious, or manipulated. (William, Keech, Michael and Munger, 2015).

''Help me Highlight the institutional framework is in place to ensure that the South African government performs its function in a transparent, accountable and consistent manner and evaluate the effectiveness of such a framework in preventing government failure.

QUESTION 5

The following question focuses on public expenditure and growth.

Kindly help to Compare and contrast South African government expenditure trends with other global economies over the past 10 - 15 years