Homework: Public Finance and Budgeting
Compose an essay of no less than 500 words discussing the topics covered in this unit. Your essay should include the following:
1. Describe at least three public goods provided by public institutions and how these public goods impact society domestically and/or internationally.
2. Discuss how demand and supply of public goods is influenced by external, environmental, economic, and political factors.
3. Discuss Arrow's impossibility theorem, and give an example of how it can affect the political process, other than the example discussed in the unit lesson and the textbook.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.