traditional gov viewpoint Flashcards

1
Q

what is the role of the gov.?

A

maximise dimensions of living standards (material and non material)

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2
Q

3 goals of the gov

A
  1. promoting sustainable economic growth
  2. promoting employment opportunities
  3. keeping inflation to a minimum (but not 0)
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3
Q

maximising material standards by

A

increasing peoples access to g/s measured real GDP/capita

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4
Q

maximising non-material standards by

A

achieving the following:
Reducing traffic congestion
Improving air quality
Raising literacy and numeracy
Increasing life expectancy
Cleaning up waterways
Lifting general levels of happiness
Lowering crime rates
and others

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