4223Sp10studyguide

4223Sp10studyguide - Department of History & Political...

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Spring 2010 Study hints for Test #2 Please note that the test will as usual be made up of 20 mostly multiple-choice questions for duration of 30 minutes and will be based on some aspects of chapter 1, and all of the areas we’ve covered in chapter 2 of the textbook. Questions will be included from, but not limited to, the following sub-topics: Externalities (from chapter 1), third-party effects from market transaction between buyer and seller. - Note what governments do to promote positive externality, i.e positive effects of third party externalities o Also what it does to address negative externalities - Provide examples of externalities, and positive/negative effects definition of budgeting “a government’s plan for operations translated into financial implications” contains expenditure and revenue sides . logic of budgeting, functions of the budget process,
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4223Sp10studyguide - Department of History & Political...

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