answer fast 1. (a) :following factors causes public expenditure toExplain how each of theincrease over time:(i) Urbanization(ii) Development of democracy (iii) Increasingper capita income

Public expenditure: The public expenditure can be defined as the government expenditure for the…

Answered: owing factors causes public expenditure…

owing factors causes public expenditure to rease over time: Urbanization Development of democracy (iii) Increasing canita income

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter16: Public Goods And Public Choice

Section: Chapter Questions

Problem 3.7P

See similar textbooks

Related questions

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: The sources of funding are different and numerous; Which is better for the соmpany

A: Companies consistently look for wellsprings of subsidizing/funding to develop the business. Funding,…

Q: Among the following to which the financing is done through public expenditure? a) Private b) Common…

A: Public goods are goods that are non-excludable and non-rival in production. A good is non-excludable…

Q: What is One of the most important aspects of any public project to quantify the benefits in dollars?…

A: The benefits are the gains associated with the value of goods and services that result from the…

Q: Benefit–cost analysis has been used to assess the desirability of efforts to control pollution. This…

A: When the action of producer or consumer affects the third party who is not involved in the process…

Q: In Metro Manila, employees, teachers, students, businessmen and many others find difficulty in…

A: Whenever a man has faced problems it has led to research, innovation, and economic progress.

Q: Which of the following is most likely to be the best method of reducing the usage of personal cars…

A: Road Traffic and congestion is a major problem that any economy is facing in recent times. Due to…

Q: When any of the life-sustaining basic needs is absent a condition can be called underdevelopment.…

A: Underdevelopment is defined as a low degree of development marked by low real per capita income,…

Q: The use of fuel (gasoline and diesel) taxes to fund building and maintaining roads and highways is…

A: Answer - Horizontal Equity - Under this individual with same income or assets should pay same amount…

Q: Describe any csr project of bank of america which benefited the stakeholders as well as the…

A: CSR, that is the corporate social responsibility in the U.S.A is the concept which states that the…

Q: All of the following are examples of public sector projects, except Select one: O a Prisons O b.…

A: Introduction Public sector project Public goods are those goods which are non rival and non…

Q: Differentiate between the private and social benefits of education. Use examples to support your…

A: Private benefit of education :- When a person gets a good education, he or she is likely to get…

Q: Your government, in response to the WHO’s declaration of a global pandemic, COVID-19 took the…

A: Since you posted multiple subpart question, we will answer first three subpart

Q: A corrective tax on the emission of carbon wastes is one possible way to reduce the economic costs…

A: Large scale of Carbon emission by factories are biggest problem in this world. The problem of global…

Q: Local governments often ask resident voters to approve millages to cover the cost of local services…

A: (Q) Local governments often ask resident voters to approve millages to cover the cost of local…

Q: The theory that emphasizes the importance of transportation routes is called __________ theory.

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Assuming the government pays higher cost of production by paying wages that are higher than the…

A: As the government pays higher cost of production by paying wages higher than the market wage rate or…

Q: https://www.researchgate.net/publication/282761816_The_victims_of_unsustainability_A_challenge_to_Su…

A: The given article is all about sustainability, unsustainability, and their challenges.

Q: Capitalist development expresses itself in environmental imbalance and ecological disasters' (Koch…

A: Capitalism is the privatization of all production system whereby the market is completely free under…

Q: Free-market environmentalism has the potential to improve environmental outcomes A.…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: struct a sample problem about External Rate of Return.

A: The external rate of return refers to the rate of return on a project where any “more” cash from a…

Q: Private property rigthts can contribute to social welfare because a) owners incur a cost when they…

Q: Factors leading to government failure Answer Bank The United States uses a graduated tax system.…

A: The answers are - Politicians often want to keep constituents happy more than they want to correct…

Q: Describe the type of benefit received in each scenario. Either the scenario describes a…

A: 3 If the family receives the new Child Care Benefit Child Care benefit Service funded by tax…

Q: What are the two financing mechanism of public goods by goverment. Kindly discuss when they are…

A: Public goods can be financed in 2 ways - Imposition of taxes Borrowing from the public These are…

Q: A nation’s population size and the affluence of its citizenseach influence its resource consumption…

A: Total impact=Personal impact×Population

Q: Resource management for recreational purposes is a useful tool to understand the relationship…

A: The term resource management refers to managing and allocating the resources in such a way that…

Q: The primary objection towards corporate involvement in social goals is that: a) the pursuit of goals…

A: In an economy, private enterprises work differently than public enterprises because the primary goal…

Q: Which of the following is a key economic function of government? a. issues passports, visas, and…

A: One of the key economic functions of the government is to protect and enforces property rights and…

Q: Nonrivalry and nonexcludability are the main characteristics of: consumption goods.…

A: Public goods are those goods that are provided by the state for the welfare of the members of its…

Q: 7 Government grants patents for Inventions. 7 Tax credits for R&D costs. Grants from National…

A: 1)Encourage more to invest in education to boost human capital. a)Education saving account.…

Q: Though relationships between income and environmental quality are not inevitable, there are some…

A: In an economy, when talking about enviornmental quality and it's relationship with the income, it…

Q: Compare and contrast the objectives of NEP, NDP and NVP

A: The actions being taken by the government in the economic field and cover the systems for setting…

Q: What was the response of the U.S. government to the Covid-19 pandemic of 2020? What programs did the…

A: On March 11, 2021, President Biden marked into law the American Protect Arrange, which gives another…

Q: Environmental NGOs include (select all that apply): Group of answer choices Nature Conservancy…

A: Basics:- The Nature Conservancy :- An environmental organisation of Virginia, USA founded 1951.…

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: discuss in detail the Concept of public service in the realm of public sector management

A: In its political structure, the presence of a public realm is the premise of a common connection…

Q: Recycling is a relatively inexpensive solution to much of the environmental contamination from…

A: Recycling takes material that will rather be considered waste and re-manufactures this stuff to make…

Q: The __________ exists because diminishing public revenues are not sufficient to cope with the influx…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Define cost-benefit analysis (Select measurement and measure old cost/benefit elements upon…

A: An in-depth cost-benefit analysis may be adequate to make a well-informed, logical decision for…

Q: 1. All e-government service preference categories are similar in their importance concerning public…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Sustainable populations A) have grown beyond all types of environmental resistance. B) are…

A: Current population is three times the sustainable level. Population is growing continously,without…

Q: Among the following cases, the opportunity cost of crowding out is the smallest when the government…

A: Crowding Out: It is an economic phenomena where it is believed that when the public sector spending…

Q: What is a market-failure rationale for the government investing in education and training programs?…

A: Governments use fiscal policy to increase employment by increasing the aggregate demand and the…

Q: Which of the following is not an objective of the National Ambient Air Quality Standards (NAAQS)…

A: The answer is fourth point. That is, Areas that did not meet the standards were designated…

Concept explainers

Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.

Question

answer fast

1. (a) :
following factors causes public expenditure to
Explain how each of the
increase over time:
(i) Urbanization
(ii) Development of democracy (iii) Increasing
per capita income

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

Step 2

Step 3

Step 4

Step by step

Solved in 4 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

3.3. (Government Revenue) What are the sources of government revenue in the United States? Which types of taxes are most important at each level of government? Which two taxes provide the most revenue to the federal government?
1. Government spending is used for the nation's defense, infrastructure, health, and _________ benefits. a. Education b. Welfare c. Safety d. Well-being
1. Identify each agency whose Primary Responsibility is for the environment in:a. New York Cityb.New York Statec. United States2.When was each agency created/founded?3. Wh at is the "Mission or Mission Statement" of each agency.
What are some fiscal policies for improving a societys human capital?
PQ 19 The "debt service ratio" for a country is the ration of the country's ______ to _____ a. total external debt / fross domestic product b. annual interest payment on external debt / exports of services c. annual interest payments on external debt and scdeuled annual external debt repayments / export earnings d. annual interest payment on external debt /exports of earnings
1. Suppose the federal government requires beer drinkers to pay a $2 tax on each case of beer purchased. a. Can you identify any government revenues?
1)The General Data Protection Regulation (GDPR) does NOT include which of the following:A) Data SecurityB) Product safetyC) Data Impact AssessmentsD) Data Breach Notification 2)Which of the following is NOT stated as one of the needs for marketing research in the courseA) Improve quality of decisionsB) Allow for better use of resourcesC) Enable a better understanding of a foreign marketD) Win awards for social responsibility
Question 10 A government is considering reducing the amount of taxes it collects from its citizens each year. Which of the following is the best argument against the tax reduction? a The government might have a smaller role in the economy. b The government will likely have to produce fewer goods and services with the reduced revenue. c Citizens will not be able to purchase as many goods and services as they could previously. d People do not generally like taxes.
6. Describe how public choice economics model the behavior of various political actors (citizens, politicians,special interest groups, bureaucrat). Be specific in how they would model 2 actors decisions. Give examples.
A2) Economics Explain the importance of taxation which has been aptly considered one of the three fundamental powers of the state. (police power, eminent domain, taxation)
5.21 explain
As government keep raising tax rate (t) on buyers, government will continually collect higher tax revenue. Carefully explain whether the above underlined part is true or false. Typed and correct answer please. I will rate accordingly with 4 votes.