L3: Traditional viewpoint of Govt

Question 1

What is the Governments main aim

Answer 1

To maximise the living standard of the Australian population

Question 2

Different types of living standards

Answer 2

Material LS:
- Tangible things like money
- Non-tangible things like stress and edu which affect wellbeing

Question 3

What is Govt Failure

Answer 3

Is when the govt has tried to improve LS but actually lead to a decrease in the LS of society

Question 4

Ways the govt can improve the living standards of the population

Answer 4

-Decrease personal tax
-Decrease business tax
-increase transfer payments
-New laws about protecting the enviro
-Increased funding for EDU and HEA