How people make decisions about making money

1. What is the reason for studying how people make decisions about spending money (Chapter 7 and 8) in the context of applying economic analysis approaches to public policy and public administration questions? Show some knowledge of the basic content of these chapters in answering.

2. Give an example of how a public administrator engaged in some kind of public service provision might apply information about elasticity to decision making

 

 

Sample Solution

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