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

Q: Spending on a public good such as national defense does greatly does slightly does not night or…

A: Public goods are non-rival and non-excludable in nature.  Non-excludable: It implies that it is…

Q: beneifts and limitations of an annual budgeting system?

A: An annual budget sets out a company's estimated revenue and expenditures for a 12-month term. The…

Q: What is progressive tax? Write its merits and demerits.

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: Please give the stages of public policies

A: Following are the stages of public policies:

Q: Explain the impact of per-unit sales to the buyer and the seller, using a DIAGRAM that illustrates…

A: When sales tax is imposed on the producer, the production cost of the producer rises because for…

Q: Governments use cost-benefit analysis by to evaluate its public programs and justify its public…

A: The costs and benefits of financial choices for society as a whole are seen in cost-benefit…

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 statements about corrective taxes is generally NOT true?

A: The correct option is D.

Q: Explain tax abatements and how are they different from tax expenditures?

A: It affects the application of a credit to the whole taxes owed. Though circumstances may change,…

Q: What is the budgetary procedure?

A: A government budget is a written agreement that details how much money will be generated, where it…

Q: Economists have stated that an economy has plunged to a market failure with an uptick in natural gas…

A: Market failure: Market failure is defined under neoclassical economics as a circumstance in which a…

Q: What areas of government spending impact a business? How do these areas impact the business?

A: Government spending is otherwise called public spending and in Britain, it takes up more than 45% of…

Q: How can the government improve tax collections without imposing much tax to the consumer?

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: Do tax deductions and tax create incentives for taxpayers?

A: A gift offered to those in order to motivate him to perform something specific is known as an…

Q: What is the nature of Taxation?

A: Government and private sector balance the functioning of economy. With public and private sector,…

Q: What can be bought and sold are determined by Relationship between the buyer and the seller O…

A: In economics, people study about the buying and selling behavior of the people that they make at the…

Q: How does the problem of limited and bundled choice in the public sector relate to economic…

A: ANS In the political process, the minimal and bundled option appears to decrease economic efficiency…

Q: What are the implications of a municipality overspending their allocated budget

A: The municipality is the local government body of a small area of the country. This area can be…

Q: Define Public Policy according to Laswell

A: Lasswell had an effect on Political Science in the area of Policy, particularly Public Policy and…

Q: How important is tax in a government?

A: A tax refers to a compulsory financial fee or some other type of levy imposed on a taxpayer by a…

Q: What are non-tax sources of public revenue?

A: The term "public finance" refers to the study of government revenue and expenditures. It examines…

Q: how government can help business organizations in our community

A: Business organization is an enterprise which describes the structure of the business and the goals…

Q: In macroeconomic, How does the government tax?

A: The taxes are the primary source of revenue for any government.

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: Would a tax on prescriptions drugs be more likely to be progressive or regressive? Why?

A: The Progressive tax is the theory in tax economics which advocates the proportional tax along with…

Q: A new elected government want to reform its tax system. As an economist you are hired to advise the…

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: What is progressive tax

A: A tax based on the ability of the taxpayer to pay is called a progressive tax. It is a system of…

Q: What is proportional tax? Write its merits and demerits.

A: Introduction - An income tax system known as a proportionate tax applies the same percentage of tax…

Q: How does public sector spending effect the economy and the businesses within?

A: Public sector spending is undertaken by the government of the country. This involves developing…

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: 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: three key features of the public policy environment

A: Introduction A government or its institution chooses or adopts a specific and deliberate course of…

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

A: Market Failure is defined as a state which occurs when the price system fails to account for all of…

Q: Is a tax that charges $100 to every citizen for garbage collection regressive, proportional, or…

A: Progressive tax is a tax that takes a larger percentage of income from high-income groups than from…

Q: do taxes generate the revenue?

A: Revenue: It refers to the extra benefits that a business can earn. These extra benefits will help…

Q: Once a government makes "sin taxes" a significant part of its revenue stream, it has an incentive to…

A: At the time of purchase, a sin tax is imposed on particular goods and services. The excise tax is…

Q: Why do legislators vote for spending projects in districts that are not their own?

A: The practice of legislator slipping funded for a local project within a budget is referred to as…

Q: tax policies that'll be beneficial for everyone

A: Tax policies are the choices made by the government of a particular country as to what taxes are to…

Q: Economic policies that involve government spending and taxes are known as                   .

A: Fiscal policy is the use of government spending and taxes to influence the economic activity in the…