Government Failure
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Wasteful Spending | Government, Business, Individual
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| Wrong mix of good & services | spending money in the wrong area
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| How does the gov't decide? | benefit/cost analysis, put the dollar on benefit & cost
1. ballot box
2. public choice theory
3. controlling aspects of economy not needing control
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| Ballot box | Indirect - elect representative who decide.
Direct - millage election (low voter turn out, close election)
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| Public Choice Theory | person making decision act in their own self-interest
-politician - spending money in my district
-buredacracts
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| Controlling aspects of economy not needing control | force behavior: helmet laws, zoning law, pay day load (loan without credit)
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