Answer this question for me mate. Much appreciated. :) Which of the following is NOT part of discretionary spending in the annual budget of the government?O Education spendingfunding Social SecurityO funding for maintenance of federal buildingsO military spending

Government is the central government that increases the expenditure or taxes on an economy. It means…

Answered: Answer this question for me mate. Much…

Business

Economics

Answer this question for me mate. Much appreciated. :)

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government

Section: Chapter Questions

Problem 1WNG

See similar textbooks

Related questions

Q: Why is a Cobb-Douglas production function useful for analyzing economic growth?

A: Economic growth is defined as an increase or improvement over time in the inflation-adjusted market ...

Q: Question 1 Table 13-2 Number of Workers Total Marginal Output Product 300 500 13 600 650 Refer to Ta...

A: Here, the given table shows the total output produced by different number of workers in a firm.

Q: Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the ba...

A: Future value is the value of an asset present at a future date based on an expected growth rate (FV)...

Q: Al its current short-run evel of production, a irm's average variable costs equal $30 per unit, nd i...

A: Fixed cost is independent of output produced whereas variable cost varies with the level of producti...

Q: Consider a firm with fixed costs of production (F). Which FOUR of the following statements are corre...

A: To select the correct options, let's try to understand the relationship between the two curves with ...

Q: All else being equal, a country whose currency has declined in value from year to year is likely to:...

A: The economics as a study is based upon the general idea that the resources which are present with th...

Q: On Macro Island, the demand for money is determines by (M)" = 200 - 20r. The price level P is 3. %3D...

A: Demand for money is the desired holding of financial assets in the form of cash or bank deposits. It...

Q: A rate of return analysis was conducted for the following alternatives, based on the table below. In...

A: Given information

Q: 1. Find the returns to scale for the following production functions: a. q = K 34L_34 b. q = KLM c. q...

Q: nduras allows interrational trade in the market for soybeans, it will import tons of soybeans. suppo...

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: A monopsonist's demand curve for labor is given by w= 15 – 2L, where w is the hourly wage rate and L...

A: Given; Monopsonist demand curve; w=15-2L Monopsonist supply (AFC) curve; w=1L Marginal Factor Cost (...

Q: 11. (Originally #7 on Homework #3) Consider a consumer with the following information: At the optima...

A: Consumer equilibrium is the equilibrium that is achieved where the budget line is equal to the margi...

Q: POn the basis of quarterly sales (in $ lakhs) of a certain commodity for the years 2001-2005 the fol...

Q: A mechanical contractor is trying to calculate the present worth of personnel salaries over the next...

A: Future cash flows or sums of money have a present value (PV) if a specific return rate is applied. T...

Q: a competitive market in long-run equlibrium to be Pareto-efficient... ect one: a. Firms do not make ...

A: For a competitive market in a long running equilibrium to be pareto efficient, firm do not make any ...

Q: Given the following regression model y = B, + B,x, +u, Where N = 60 Ut P1ut-1 + Et

A: Unit root test is used to find the trend and stationary in the time series data. There are 3 types o...

Q: Explain why a monopolist never operates on the inelastic part of the demand curve

A: A monopolist trying to maximise profit produces output until MC Equals MR. It is stated, however, th...

Q: 1. Circle the data sets that reflects the Law of Supply. Explain why it reflects the Law of Supply. ...

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: What for you is the importance of "Data Analysis" in Quantitative Research?

A: When talking about quantitative research, it can be said that this research is based on numerical da...

Q: local jobs. What strategies may a typical firm adopt to increase profits, even if only over the shor...

A: The firm maximizes profit where the marginal revenue is equal to the marginal cost. The firm predomi...

Q: Three former Uruguayan presidents recommended the current administration that without abandoning Mer...

A: Mercosur was created in 1991 as a procedural and economic group that was open and active. Since its ...

Q: A(n) __________ is an organization owned by shareholders who have limited liability and limited cont...

A: The partners liability is limited and not arises of personal liability is the benefits of this limit...

Q: a farmer in Georgia begins to grow peaches. He uses $1.000.000 in savings to purchase land. he rents...

A: Both Economic profit and Accounting ptofit solved below,

Q: terms of economics, what is the significance of the following quote? “On the next exam, I made the n...

A: This is the quote which is taken from the book "Misbehaving" by Richard Thaler. The idea of the abov...

Q: The questions has two parts: A departmental store sells stereo systems, television sets and radios. ...

A: The Answer is given. Hope the answer is helpful.

Q: Refute this statement To ensure that we always have an efficient economy and every firm has a chanc...

A: Intellectual property rights refer to the protection of artistic work, innovations, names, images an...

Q: The sales of a company rose from dollar 40,000 in March to dollar 48,000 in April 2002. company expr...

Q: 1. Financial institutions in the U.S. economy Suppose Van would like to use $9,000 of his savings to...

A: In a market, a firm enters to make production and earn income from it. Production required capital a...

Q: (5) On your graph, indicate the supply curve of your firm in the short run.

A: Demand and supply In an economy there is always a demand for goods and services and the supply of g...

Q: Suppose life expectancy in years (L) is a function of two inputs, health expenditures (H) and nutrit...

A: The marginal product of a business is the additional output created as a result of additional input ...

Q: he problem prévéhts indiv nvestors from producing enough nformation to eliminate all the asym nforma...

A: The free rider problem prevents individual investors from producing enough information to eliminate ...

Q: PLEASE ANSWER AND EXPLAIN NUMBER 2 AND 3 Suppose that the world demand and supply elasticities of cr...

A: Demand is determined by the consumer and supply is determined by the producer and price is determi...

Q: sume that the interest rate on 1-year t-bill in Canada is .60% and the interest rate for similar pap...

Q: Show your calculations, show the area of each surplus and DWL on the graph. d) Assume now, that the ...

A: Price floor is imposed by government in which it sets the price of a good above the equilibrium pric...

Q: A market research firm is interested in surveying certain attitudes in a small community There are 1...

Q: The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of...

A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimi...

Q: Provide an example of a direct quote of an exchange rate

A: In the foreign exchange market, a direct quote is a rate quotation. It compares the value of one uni...

Q: Which of the following statements is false? The owner of a patent is not obliged to grant a l...

A: A patent is an exclusive right granted to a product or technique that offers a novel technical inven...

Q: Which of the following statements are correct? Select one: O a. Households smooth their consumption ...

A: In macroeconomics, the household sector consumes the final items created by the production sector. I...

Q: A government official announces a new policy. The country wishes to eliminate its trade deficit, but...

A: An administration official declares another strategy. The goal is to take out its import/export imba...

Q: It takes 10.15 years to quadruple your money if invested at x% compounded semi-annually. Find the va...

A: In the mentioned question, Number of years, n= 10.15 years Here qiven, money will be quadruple which...

Q: 15,000 =(1+r) 3500+24000 How do I find what is interest (r)? Please provide an breakdown of calculat...

Q: 4) Find the elasticity of substitution(s) for the following production functions. a.) q = 10 Kº.2L0....

A: Elasticity of substitution is a measure to determine how easily factors of production can be substit...

Q: The stimulus check is an example of Select an answer and submit. For keyboard navigation, use the up...

A: Stimulus refers to the measures adopted by the government to stimulate the economy. Stimulus checks ...

Q: George Michael sells frozen bananas to his uncles Buster and Gob, who are his only customers and who...

A: Demand function of Buster : D = 25 - 2p + m Demand function of Gob : D = 15 - p + m Market demand ...

Q: Figure 14.4 383.Figure 14.4 shows three possible shifts in the production possibilities frontier of ...

A: The production possibility frontier (PPF) is a curve that is used to discover the mix of products th...

Q: Assume that two companies (C and D) are duopolists that produce identical products. Demand for the p...

A: Given; Demand function; P=600-QC-QD Total Cost function of C; TCC=25000+100QC Total Cost function of...

Q: wo firms with the same (constant) marginal costs are engaging in Bertrand competition. One of the co...

Q: "After settlement the average weekly wage in a factory had increased from $ 8,000 to $ 12,000 and th...

A: Before:- average : 8000 standard deviation : 100 After. Average : 12000 Standard deviation : 150

Q: Explain what is meant by allocative efficiency and under what conditions is this efficiency achieved...

A: In a marketplace, efficiency refers to the ability of the market to get output with the given resour...

Question

Answer this question for me mate. Much appreciated. :)

Which of the following is NOT part of discretionary spending in the annual budget of the government?
O Education spending
funding Social Security
O funding for maintenance of federal buildings
O military spending

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

If a government runs a budget deficit of 10 billion dollars each year for ten years, then a surplus of 1 billion for five years, and then a balanced budget for another ten years, what is the government debt?
How would a balanced budget amendment change the effect of automatic stabilizer programs?
What are some practical weaknesses of discretionary fiscal policy?
What is the main advantage of automatic stabilizers over discretionary fiscal policy?
Have spending and taxes by state and local governments In the United States had a generally upward or downward trend in the last few decades?
What is the difference between a budget deficit, a balanced budget, and a budget surplus?
Why are expenditures such as crime prevention and education typically done at the state and local level rather than at the federal level?
Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending by the University of Illinois is not fiscal policy? Why is a cut in the payroll tax fiscal policy whereas a cut in a state income tax is not fiscal policy?
What would happen if expansionary fiscal policy was implemented in a recession but, due to lag, did not actually take effect until after the economy was back to potential GDP?
True or False: Federal spending has grown substantially in recent decades. By world standards, the U.S. government controls a relatively large share of the U.S. economy. A majority of the federal governments revenue Is collected through personal income taxes. Education spending is slightly larger at the federal level than at the state and local level. State and local government spending has not risen much in recent decades. Defense spending is higher now than ever. The share of the economy going to federal taxes has increased substantially over time. Foreign aid is a large portion, although less than half, of federal spending. Federal deficits have been very large for the last two decades. The accumulated federal debt as a share of GDP is near an all-time high.
Do you agree or disagree with this statement: It is in the best interest of our economy for Congress and the President to run a balanced budget each year. Explain your answer.
Explain how automatic stabilizers work, both on the taxation side and on the spending side, first in a situation where the economy is producing less than potential GDP and then in a situation where the economy Is producing more than potential GDP.