How is the concept of 'market failure' relevant to government funding?

Q: What is the incremental tax rate?

A: Tax: Tax is the compulsory legal payment that is imposed by the government. Alternatively, it is the…

Q: Please give the stages of public policies

A: Following are the stages of public policies:

Q: How does a government agency raise revenue differently from a private company, and how does that…

A: The private sector is the portion of the society which is driven by gain through people and…

Q: Should the United States government attempt to operate under a balanced budget? Why, or why not?

A: In an economy, government budget refers to the statement under which government record preplanned…

Q: What is public finance in the Philippines?

A: Public finance can be defined as a subject dealing with the study of government functions concerning…

Q: Explain the concept of market failure and its implications for both governments and businesse

A: Market Failure(MF) is the inefficient distribution of services and goods in the free market. The…

Q: What is a neo-liberal agenda that will advance the public sector?

A: There are various ideologies to deal with a specific social and economic conditions. Neo-liberalism…

Q: Which of the following is not a canon of taxation? Pick a,b,c, or d a. Equity b. General…

A: Canons of taxation are defined as the various administrative features of taxation. Taxation refers…

Q: What are the main categories of U.S. federal government spending?

A: Government spending is a fiscal tool used by government for adjusting the economy.

Q: In what way the public funds are ensured with appropriate spending?

A: In an economy, public funds refers to the government budget that is used to spend on society such as…

Q: What is the difference between the marginal excess tax burden and the marginal cost of public funds…

A: Marginal excess tax burden is the addition of excess tax on consumers.

Q: Describe the difference between efficiency and effectiveness in government and give an example using…

A: Effectiveness vs Efficiency:- Effectiveness:- Effectiveness deals with the maximizing the desired…

Q: How can the government accelerate the economic performance of its leading businesses or industries?

A: Economic growth models are designed to show how growth in capital stock, increase in the labour…

Q: Describe how the government in Canada is structured.

A: The legal and social framework, the maintenance of competition, the provision of public goods and…

Q: Which one of the following is true about Planning Commission?

A: To find : Which is true about planning commission.

Q: Analyze the role of the government with an exteranlity present

A: There are two types of externalities present: Positive externality Negative externality Positive…

Q: What is public administration? Define bureaucracy and explain the role of bureaucracy in public…

A: Public administration is the study of and preparation of civil servants for administrative purposes…

Q: Which one of the following is not a major source of funds for the U.S. federal government? Multiple…

A: Individual income taxes account for around half of all government revenue. Another 36% comes from…

Q: Define Public finance. How public finance is different from private finance?

A: Government spending is the costs incurred by the government on goods and services to enhance the…

Q: Social media has not been embraced by govermment leaders to discuss public policies and issue policy…

A: The role of social media has increased widely over a period of time to make community or society…

Q: Distinguish between market failure and government failure. Does rent-seeking behavior occur only as…

A: Market failure, according to its name, does not refer to intrinsic flaws in the market economy;…

Q: What is the meaning of crowd out?

A: Crowding out is a situation in which increased interest rates lead to a reduction in private…

Q: what is the economic impact of government overreach? How is this seen in the current and past…

A: Government impact  in the economic impact outreach would help in the expansion and the development…

Q: Does the existence of credit market imperfections imply that there is a useful role for government…

A: Credit market imperfections means the financial market with low quality of information about the…

Q: Calculate NIT if indirect tax is $67,000 and subsidies is $42,000?

A: Indirect tax:- The tax that government of the country imposes on a citizen for goods and services…

Q: What are the two reasons why the government sometimes failed in their programs

A: The Government fails in many times in their programs due to the following reasons Imperfect…

Q: No government can sustain or effectively operate without it's powers. Enumerate and discuss each of…

A: Inherent powers are powers of a division of government not particularly listed in the constitution.…

Q: What is the importance of public finance?

A: Introduction - In the 19th century, public finance or revenue had no special importance as the…

Q: How are public colleges and universities respondingto budget cuts?

A: Meaning of Government Debt: The term government debt refers to the situation under which the…

Q: Refusing to pay taxes because you disapprove of how the money is being used by the government is an…

A: Taxes are described as a legal payment made by citizens of a country to the government that is…

Q: What Is Internal Sources?

A: Internal sources: - the sources used by a business to generated funds by its own business operations…

Q: The United States is an example of a Federal system where power is shared between the central…

A: A federal government is a system of power sharing that has a central national government and local…

Q: Discuss how public sector budgets reflect accountability ?

A: A budget is an estimate of revenue and expenditure for a given future period, and is typically…

Q: Describe the FOUR classical types of potential market failure, in detail, and provide examples of…

A: In the free market, market failure is characterized as an inefficient allocation of goods and…

Q: government spending

A: Government spending- government purchases the goods & services to use them efficiently for the…

Q: What challenges and opportunities would arise from higher and lower degrees of government…

A: Government intervention in the market refers to the regulation of the market by the government…

Q: 43. Programs such as Social Security and Medicare a. Have to be re-authorized every year b. Do not…

A: Social security and Medicare aims to provide people with aids of health insurance, retirement,…

Q: Describe the revenue projects?

A: Revenue project is the project that does not require investment in resources but requires ongoing…

Q: How does government spending pose a challenge to a business? And to the wider economy?

A: The government can pose a challenge to the businesses and to a wider economy in a number of ways.

Q: What are the different areas of government spending? How do each of the different areas impact a…

A: Areas of government spending refer to the different sectors where government incurs expenditure…

Q: Outline the budgetary process and explain the role that politics plays.

A: The budget is defined as the estimation of expenses and revenue over a specified future period of…