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10 cards from this deck
Govt action via tax, spending, borrowing to influence economy
Taxation, government spending, and borrowing
When govt expenditure exceeds income
When govt income exceeds expenditure
Taxes higher earners at higher rates for even income distribution
Relationship between tax rates & revenue; optimal rate exists
Govt fails to provide goods/services effectively, worse than market
Ignorance, lack of leadership, experience, and training
Focus on rules over efficient service delivery to public
Loss of faith in govt, social unrest from failed services
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