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Ecs3704 Semester 2 2026 Question And Answers

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ECS3704 Public Economics – Assessment 2 Study & Answer Guide 2026 This document contains carefully reviewed answers and explanations for ECS3704 Assessment 2 questions. It covers key Public Economics topics including Nozick’s entitlement theory, income redistribution, voting rules, government failure, rent-seeking, Wagner’s Law, economic growth, general-equilibrium taxation, tax incidence, and excess burden.

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1. ECS3704-26-S2
2. Welcome Message
3. Assessment 2



QUIZ

Assessment 2
Started on Monday, 14 September 2026, 1:33 PM
State Finished
Completed on Monday, 14 September 2026, 1:40 PM
Time taken 6 mins 12 secs
Grade 16.00 out of 20.00 (80%)
Question 1
Correct
Mark 2.00 out of 2.00

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Question text
According to Nozick’s entitlement theory
Select one:
a.
it is just to take land from an absentee land owner.
b.
redistribution of wage income is justifiable.
c.
redistribution of assets would only be fair if both his first two principles of justice have
been violated.
d.
rectification of an injustice implies that if person A acquired a farm at the expense of
person B and against the will of person B, then person A must return it to person B.
Feedback
You are correct. See CSS, chapter 5, especially Principles 1 and 2. The preconditions for
the application of Principle 3 exist in the stipulated scenario.

You are correct. See CSS, chapter 5, especially Principles 1 and 2. The preconditions for
the application of Principle 3 exist in the stipulated scenario.

The correct answer is: rectification of an injustice implies that if person A acquired a
farm at the expense of person B and against the will of person B, then person A must
return it to person B.
Question 2
Correct
Mark 2.00 out of 2.00

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Question text
Which one of the following statements is correct?

, Select one:
a.
The altruist motive for income distribution means that people are not prepared to
redistribute income simply because they are concerned and generous.
b.
The Bergson criterion emphasises community or social welfare which is, of course, a
function of individual utilities.
c.
The insurance motive is not a reason for the distribution of income.
d.
Community indifference curves such as W1 and W2 in figure 5.2 in CSS can be added to
determine total welfare.
Feedback
You are incorrect. The altruist motive for income distribution means that people
are prepared to redistribute income simply because they are concerned and generous.
You are incorrect. The insurance motive is one of the reasons for income distribution –
see CSS, section 5.3.
You are incorrect. See CSS, section 5.3.

You are incorrect. The altruist motive for income distribution means that people
are prepared to redistribute income simply because they are concerned and generous.
You are incorrect. The insurance motive is one of the reasons for income distribution –
see CSS, section 5.3.
You are incorrect. See CSS, section 5.3.

The correct answer is: The Bergson criterion emphasises community or social welfare
which is, of course, a function of individual utilities.
Question 3
Incorrect
Mark 0.00 out of 2.00

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Question text
Government may fail to be efficient because

Select one:
a.
taxpayers generally avoid paying taxes to finance high government expenditures.
b.
politicians tend to consider voters rights
c.
bureaucrats maximise their budgets by setting total social benefits equal to total social
costs
d.
bureaucrats try to use only a few inputs to obtain the maximum level of services.
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Document information

Uploaded on
September 14, 2026
Number of pages
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Written in
2026/2027
Type
Exam (elaborations)
Contains
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