BIOL 1000 Lecture Notes - Lecture 4: Externality, Canadian Dollar, Proportional Tax
Document Summary
Public goods: good or a service with benefits that people cannot be prevented from consuming, no matter who pays for it, provided by the government. Page 228: with an increase in population we can expect an increase in government expenditure, canadian governments have provided greatly expanded pension and welfare benefits, government subsidized fees and loans help make college and university education widely available. Municipal government expenditures: provide us with local services that generally affect us more closely than those of the federal or provincial governments, some services are administrated at one level of government but receive financial assistance from another. The provincial debt and deficit: governments introduced plans to cut some expenditures and to restrain the growth of others, deficit results when expenditures are greater than revenues. Page 230: many years after confederation the federal government restricted is expenditures to matter of national concern such as defense, growth in federal expenditures was especially rapid in late 1970s and early.
