In 5358, find functions and so that f g f g = H.
Week 3 Role of Government & Market Failure The Role of Government, Market Failures, Government Failures: Government as Actor: The role of the government is to tax This is to redistribute the income for social welfare programs State & Local Income Comes from individual and corporate income tax, property tax, and sales tax. Federal Income Derived by individual income tax and social security taxes. Government as a Referee Rules between households and businesses: to protect us from businesses. Regulations: 1. Wage and Hour Laws 2. Employment Laws 3. Environmental Laws 4. Securities Laws 5. Consumer Protection Laws Specific Roles of Government: 1. Provides stable rules and institutions 2. Provides effective and workable competition 3. Corrects for