Economics Economics question 1) Do you think that State Sovereignty gets in the way of Emergency Management and why? 2) In your opinion, what is the greatest advantage of the Incident Command System and why? 3) What problems do you see with the concept of exhausting local and State resources before employing Federal resources?
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Economics
Economics question
1) Do you think that State Sovereignty gets in the way of Emergency Management and why?
2) In your opinion, what is the greatest advantage of the Incident Command System and why?
3) What problems do you see with the concept of exhausting local and State resources before employing Federal resources?
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- Question 26.26. A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won’t buy it because they don’t like the taste. From an economic perspective, the company should keep the hamburger on the menu because they've spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.In this module we learned that, despite increases in the cost, the value of higher education has increased over time. How can college be made more affordable? Revenues earned by colleges and universities come from three main sources: Tuition and fees paid by students, which have increased faster than the cost of living. Support from governments at the federal, state and local levels. This support is paid for through tax revenues. Even private colleges and universities obtain funding from the government, but government support has declined at all levels in recent years. Alumni contributions. What has caused the cost of college to increase so much? (Not every college has a fancy gym or an Olympic sized pool with a lazy river.)There are several resources that cover important information to validate the fact that LOCAL government IS the level of government that has a MUCH GREATER impact on the daily lives of Americans than any other level of government and ironically it is the level of government that gets the least attention from the public and from the media. Participation in local government affords citizens the most control over their own lives but unfortunately it is the level of government with the least voter turnout. Sad but true. Answer the following question: One way to help address the state's transportation needs and provide funding without raising taxes is building toll roads. Should the state convert formerly free roads into toll roads to raise funds? Why or why not?
- Please answer questions 2, 3, and 4. 2. Many states are now imposing severance taxes on resources being extracted within their borders. How is the consumption path of depletable resources with severance taxes imposed compared to the case without taxes? Assuming an increasing marginal extraction cost of depletable resources over time. A. For the same time period, consumption for depletable resource decreases due to the imposition of severance taxes. B. For the same time period, consumption for depletable resource increases due to the imposition of severance taxes. C. For the same time period, consumption for depletable resource stays the same regardless to the imposition of severance taxes. 3. Suppose there exists a renewable energy substitute for depletable resources with an increasing marginal extraction cost. How would per-unit subsidy on renewable energy change price path for renewable energy? A. Price for renewable energy with subsidy is higher than the case without subsidy. B.…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... First, prepare a graphic representation off the economy before the Biden Covid Bill. In the space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and identify/label equilibrium. Be sure to identity whether the economy is at equilibrium, in expansion or in recession.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).There are several books that cover important information to validate the fact that LOCAL government IS the level of government that has a MUCH GREATER impact on the daily lives of Americans than any other level of government and ironically it is the level of government that gets the least attention from the public and from the media. Participation in local government affords citizens the most control over their own lives but unfortunately it is the level of government with the least voter turnout. Sad but true. Answer the following question: Texas is one of seven states without a state income tax. Should Texas establish a state income tax? Explain 3 advantages and 3 disadvantages and your stand on this issue.How Arts Funding Is Done Elsewhere When Rick van der Ploege became Holland’s secretary of culture in 1998, he launched an arts-funding revolution that alarmed his quiet, multicultural country—but also became a potential model for smaller population countries such as Canada. Bursaries for about $100,000 a year were offered to foreign graduate students. Foreign filmmakers could also receive funding—as long as it met Dutch content requirements. More contentiously, artists would have to prove that there was a market for their creations if they wanted a subsidy. “My argument has always been to get the best people in the world. ... Whether they be Canadian, Japanese, and maybe the Dutch, bring them together, and the locals would then have to compete on a global scale.” Draw a graph to illustrate and explain how bursaries for foreign graduate students might improve efficiency.
- International data show a positive correlation between income per person and the health of the population. a) explain how higher income might cause better health outcomes b) explain how better health outcomes might cause higher income. c) how might the relative importance of your two hypotheses be relevant for public policy.Formulate recommendations and strategies on how to minimize a business negative inpact and maximize its positive impact on the government. RECOMMENDATION AND STRATEGIES Ways on how to minimize the negative impact of a business on the government: (List as many as many as you can) Ways on how to maximize the positive impact of a business on the government: (List as many as you can)"Population, Resources, and the Environment Much of the concern over environmental issues stems from the perception that we may reach a limit to the number of people whose needs can be met by the earth’s finite resources. We may or may not reach this point, given the potential for new technological discoveries, but it is clear that continuing on our present path of accelerating environmental degradation would severely compromise the ability of present and future generations to meet their needs. A slowing of population growth rates would help ease the intensification of many environmental problems. However, the rate and timing of fertility declines, and thus the eventual size of world population, will largely depend on the commitment of governments to creating economic and institutional conditions that are conducive to limiting fertility." What is the meaning of this statement?