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In the U.S. the government tries to correct externalities by taxing markets with negative externalities and providing subsidies in markets with positive externalities.Do you feel
In the U.S. the government tries to correct externalities by taxing markets with negative externalities and providing subsidies in markets with positive externalities.Do you feel that the government is doing too much, too little, or just the right amount in their efforts to change the quantities in these markets? Economist view public education as one of their most successful wealth transfer programs.Explain why it is a wealth transfer program.
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