Q: Describe three ways in which government spending can be financed
A: Government spending on goods and services is one of the major components of aggregate demand.…
Q: Explain in detail fiscal policy, its function and its effects on short and long-term economic…
A: Fiscal Policy is defined as a policy implemented by the government by which the government of a…
Q: How do the purpose and structure of the executive and legislative branches of governments affect the…
A: To find : Purpose and structure of executive and legislature branches of government affects power of…
Q: Explain how an increase in government spending may decrease private investment (crowding-out…
A: When government raises its expenditure on investment, it leads to a rise in the aggregate demand in…
Q: Why is social securities one of the biggest threats to the long run federal budget ?
A: Social securities are set of state programmes designed to safeguard employees and their families…
Q: If government increases spending and wants to maintain a balanced budget, it should
A: The answer is as follows:-
Q: Contrast government debt with budget deficit or surplus
A: Budget deficit is the government expenditure dominating the government revenue in budget for a given…
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: Give three yes and three no arguments. Why Are tax cuts good for America?
A: Any tax cut would decrease the revenue for government and increase the income of people with tax…
Q: (c) In 2020, Nauru ranked 1st among all countries worldwide, with the highest estimated public…
A: Concepts: A supply of loanable funds refers to the willingness of the government and household to…
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: What is the Energy Policy Act? What is the current President’s approach to energy production,…
A: The Energy Policy Act (EPA) addresses energy creation in the United States, including: energy…
Q: a key consideration by most Governments. In the quest to provide for such goods, some goods and…
A: The branch of economics that helps in assessing and adjustment of the revenue and expenditure of the…
Q: Compare and contrast Demand Side and Supply Side tax cuts.
A: Macroeconomics have two sides to the economy, demand-side economy and supply-side economy. The…
Q: Explain what crowding out is and why it reduces the impact of fiscal stimulus.
A: The government adopts fiscal policy to regulate the economy. In this, the government increases its…
Q: What are the Principles of Public Debt Management?
A: Introduction - Getting control of your bills is the process of debt management.It entails keeping…
Q: Graph two different approaches to government as a function of tax rates.
A: There are different approaches why tax is levy . .1. Distributive function :: for allocation of…
Q: what four (4) practical interventions should the government undertake to reduce its public debt…
A: There are different practical interventions should the government undertake to reduce its public…
Q: Explain the term "crowding out" giving five examples of "crowding out"
A: Private investment reserves are those which don't request public venture. Private funds are named…
Q: If Tax revenue is greater than government spending, which of the following must be true? Select ALL…
A: The difference between the government spending and tax revenue is referred as budget.
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: Which of the following is not likely to have a bond issue? o startup company government O public…
A: Bonds is an borrowing instrument through which companies, governments, municipalities raise money by…
Q: Which of the following accurately describes the phenomenon of crowding out? government…
A: Aggregate demand is composed of consumption spending, investment spending, government purchases and…
Q: What must be true about the level of government expenditures and tax revenues for the federal…
A: Government expenditure is the amount spent by the government in order to provide goods and services…
Q: To minimize dead weight loss resulting from taxation, a. tax revenue should be maximized. b. tax…
A: Dead weight loss is the sum of area of consumer distortion and producer distortion. It is the result…
Q: Which of the following is a significant revenue source for state and local governments, but not the…
A: The tax is a unilateral payment made by the public towards the government for various purposes. The…
Q: The two largest areas of federal spending which impact the U.S. budget are
A: In total federal spending, social security contributes to highest with 33 % and then medicare and…
Q: Why is identifying potential opportunities, and managing within predictable limits for fiscal policy…
A: Fiscal policy is an important tool for dealing with the economy on account of its capacity to…
Q: What are Expansionary and discretionary fiscal policies? Examples to dumb down.
A:
Q: Which of the following is a TRUE statement about arguments for and against requiring a balanced…
A: The federal budget is the government's forecast for income and expenditures for each fiscal year.The…
Q: explain on a graph what would happen if the government discouraged investment through tax policy and…
A: If there is a tax policy that discourages investment, then the supply would adjust to attain market…
Q: In choosing what type of tax to use, what factors does government take into consideration?
A: In choosing the type of tax to use, the Government should consider all the 4 options:
Q: Explain the 3 features of ideal fiscal policy?
A: The use of government spending and tax policies to impact economic conditions, notably macroeconomic…
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: 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: What do you understand from the sustainability problem of the fiscal stimulus packages implemented…
A: When the economy is facing a recession, the government can stimulate the economy by using…
Q: A. $107 billion surplus.
A: Net lending/net borrowing refers to the balance on financial account. The term 'net lending' refers…
Q: Explain the importance of government budget in an economy??
A: According to the given question A Government budget is basically known as the budget of the…
Q: Explain the term “crowding out” giving five examples of “crowding out” effects.
A: Crowding out effect The crowding-out effect is an economic hypothesis that claims that when interest…
Q: Define and give examples of the macro- and micropolitics of public budgeting.
A: To find : Example of public budgeting.
The Pareto equilibrium defines what makes an efficient economy. How is this concept applicable in State and Local finance? Your answer should include an example.
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- How is the concept of 'market failure' relevant to government funding?The budget can be seen as a contract of presidential and congressional promises to supply funds for programs citizens desire? True or falseIn the classical budgeting era from WWII to the early 70s, most citizens agreed on public policy and where to spend tax dollars? True or False
- Explain how beliefs and opinions can shape government economic policy decision making.Should the United States government attempt to operate under a balanced budget? Why, or why not?Describe the FOUR classical types of potential market failure, in detail, and provide examples of each type. What is the relevance of the concept of market failure to government intervention in the economy? Explain as fully as possible
- What is government budgeting? Why is it important?Explain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what ways have you personally been impacted by state or local budgeting policies?Refusing to pay taxes because you disapprove of how the money is being used by the government is an example of what