A. Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline word if the statement is FALSE. _______________3. Social Service (Government) is the service provided or supported by a government or its agencies.
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A. Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline
word if the statement is FALSE.
_______________3. Social Service (Government) is the service provided or supported
by a government or its agencies.
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- Explain why we have government provision of goods and services instead of using markets. What are the 3 rationales for the government providing goods and services instead of markets?2) Explain the Oman governmental units, business type and fiduciary type with example?1. Payment for health services in most low-income countries comes from: Group of answer choices Cash Taxes Microloans Individual insurance 2. Foreign aid makes up what percent of the U.S. national budget? ____ 3. A _______ usually has clear goals and defined end dates.
- _____1. It is the wise use of money and time a) Economics c) Goods and services b) Probability d) None of the above _____2. It is the analysis and evaluation of monetary consequences by using the theories and principles of economics to engineering applications, designs and projects. a) Economics c) Goods and services b) Engineering Economy d) None of the above _____3. It is defined as any tangible economic product (soap, car, shirts, tools, machines, etc) that contributes directly or indirectly to the satisfaction of human wants. a) Goods or commodity c) Goods and services b) Engineering Economy d) None of the above _____4. Are those products or services that are directly used by people to satisfy their wants. a) Goods or commodity c) Consumers Goods and services b) Engineering Economy d) None of the above _____5. It also satisfy human wants but indirectly in as much as, they are used to produce the consumer goods and services a) Producer goods and services c) Consumers Goods and…Provide an answer. It’s no incomplete. A research about Philippine government programs at least 3. Thank you in advance.Question 1 Assume no Washington income tax, and Washington has a $4M grant to spend. Zoe Wu tells the mayor that a means-tested program would allow the poor to get more money. She suggests that benefits should be redunced by $10 for each $100 in workers’ pre-tax income. Suppose the guarantee rate is G. How much benefit would each group get at their original income (working 40 weeks) in terms of G? 2 2. With the $4M grant, how large can G be? How much benefit does each group get? What is the maximum income in the phase-out region? Draw the benefit schedule with labels. Suppose the government could identify workers’ type and sent them money equal to your answer in part (b), regardless of their labor supply choice. (a) What is the percentage change in workers’ wealth, the dollar value of their time plus unearned income? (b) How many weeks per year would each type work using the elasticity of η = −0.1? Compare your answer to 4(d). Explain why they are similar or…
- Select the correct one : Q-1) President Biden wants to increase the estate tax (the tax on wealth when a person dies) from 23.8% to 43.4%. a) The increase would lead to greater tax revenue and will help poor people gain access to more social welfare benefits with no unintended consequences. b) The increase would lead to no change in revenue over time but less income inequality stemming from a fairer tax code. c) The higher tax would reduce the problem of scarcity for all working poor people. d) The increase would be an economically inferior solution to reducing income inequality. In fact, lower taxes – even on the rich - tends to help the poor more. e) B and D only.Scenario: The bill includes $130 billion to allow for a return to full-time, in-person teaching at K-12 schools. assistance to small busines, landlords and renters: 30 Billion Obomacare Expansion: 34.2 Billion Child Tax Credit Boost: 110 Billion Vaccine Distribution: 160 Billion school credit: 1 Billion Coronavirus Preparedness and response supplemental appropriation act: 8.3 Billion Families first coronavirus reposne act 225 billion paycheck protection program: 483 Billion Consolidated appropriations act: 920 Billion So we just had one of biggest (if not THE biggest) actions of Fiscal Policy. Now using the Agg Model, you will explain what is happening now... Now please graph what that anticipated impacts of the Biden Covid bill on the Agg Economy. Please label both axis, insert AD (AD-2), draw the initial LRAS (as LRAS-1) and SRAS (as SRAS-1) (ie before the pandemic) and the initial equilibrium/expansion/recession (Real GDP-1). Then draw a new the new graphs that you represent…Scenario: The bill includes $130 billion to allow for a return to full-time, in-person teaching at K-12 schools. assistance to small busines, landlords and renters: 30 Billion Obomacare Expansion: 34.2 Billion Child Tax Credit Boost: 110 Billion Vaccine Distribution: 160 Billion school credit: 1 Billion Coronavirus Preparedness and response supplemental appropriation act: 8.3 Billion Families first coronavirus reposne act 225 billion paycheck protection program: 483 Billion Consolidated appropriations act: 920 Billion So we just had one of biggest (if not THE biggest) actions of Fiscal Policy. Now using the Agg Model, you will explain what is happening now... Question: Now describe the anticipated impacts of the Biden Covid Bill. Remember, the focus is only on one side of the equation: is it Agg. Demand or Agg Supply? Please be specific with provisions in the bill and anticipated impacts on the economy (affecting C, G, Net X or I).
- D) Most conservative criticisms about the ill-effects of taxes are exaggerated or untrue. Taxes are in fact good they are dues we pay to enjoy the numerous vital benefits that government provides for our society. You are a Jamaican citizen who believes that taxes are unjust make a strong case to support your point of view.A tax system based on the ability-to-pay principle claims that all citizens should A. pay taxes based on the benefits they receive from government services. B. pay taxes based on consumption rather than income. C. pay taxes based on saving rather than income. D. pay the same amount in taxes. E. make an equal sacrifice.Trying to figure out question: If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (Assuming a defense budget of $750 Billion.) Round response to one decimal place _(Blank)_ Million Homes
