ESSAY ASSIGNMENT
THIS IS WHAT THE CHAPTER IS ABOUT. MUST PICK ONE AND WRITE A MIN OF 2 PAGES.
1. Identify political factors that influence and determine financial management practice in the public arena.
1.1 Explain public goods and their characteristics.
1.2 Summarize Arrow's impossibility theorem and how it can be used in the political process.
TEXT BOOK TO BE LISTED AS 1 REFERANCE.:
Hyman, D. N. (2014). Public finance: A contemporary application of theory to policy (11th ed.). Stamford, CT: Cengage Learning.
ESSAY INSTRUCTIONS: Compose an essay of no less than 2 pages discussing the topics covered in this unit. Your essay should include the following:
- Describe at least three public goods provided by public institutions and how these public goods impact society domestically and/or internationally.
- Discuss how demand and supply of public goods is influenced by external, environmental, economic, and political factors.
- 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 assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, 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 assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.