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Kindly answer the following questions below, make your answers long please, I need long explanation each questions, thank you. Which among the 10 departments below
Kindly answer the following questions below, make your answers long please, I need long explanation each questions, thank you.
- Which among the 10 departments below would you choose to have a full budget? Why? Only choose THREE.
- How would your decision affect the other departments? What could be the externalities present that could affect the entire economic system?
- How would you explain to the President, using Public Economics and Externalities, the logic of your decision? You may also use the concepts of Welfare Economics and Supply/Demand for your explanation.
Departments:
- Health
- Education
- Social Welfare
- Labor and Employment
- Police Force
- Environment and Natural Resources
- Agriculture
- Energy
- Public Works
- Foreign Affairs
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