Present a private market or government function that could be operated more efficiently with the introduction of competition and explain how this could be accomplished.

Q: When a government imposes a tax in a market, it allows the government to   Question 9 options:…

A: Tax imposed on the good results in same changes irrespective of on whom the tax is imposed.

Q: Note:- please A & B has ben worked I need C and D. Thank you 4. Directions: Below is a list of the…

A: Headlines 1. Federal Reserve Raises Key Interest Rate (E) 2. Congress Raises Tax Rates for Top…

Q: Role Of Governmen

A: In an ‘economy’, the ‘private sector’ accounts for the biggest ‘money making sector’ of the economy.…

Q: What does the research and experimentation tax credit do? Group of answer choices A)Generates…

A: Answer: Research and experimentation tax credit: this tax credit can be claimed by the taxpaying…

Q: 1) Besides raising revenue, what is the most likely goal of government that enacts a per unit tax.…

A: Hi! Thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: A tax system based on the ability-to-pay principle claims that all citizens should A. pay taxes…

A: Ability to pay taxation:-  Ability-to-Pay Taxation can be explained as a taxation philosophy which…

Q: Which is wrong? EXPLAIN   a. The government should tax itself. b. The government can tax itself. c.…

A: In an economy, government is the highest ruling authority that runs the economy based on its…

Q: Please elaborate on the economic role of the government under the two different economic theories of…

A: Laissez faire is a theory where there is no government intervention.Market functions on its own and…

Q: 6.) Government intervention arises from market failure and often includes which of the following?…

A: When individuals acting in their own best interests generate a less-than-optimal or economically…

Q: solve for the SMC, the efficient level of output and the Pigouvian tax the government would need to…

A: Market failure arises when one party/person imposes a negative externality on others. As a result,…

Q: describe the four different categories of legislation based on the distribution of costs and…

A: The four categories of legislation are based on concentrated and widespread costs and benefits.…

Q: A public good is one for which :     A. It is difficult to exclude people from using the good…

A: Public goods have two major characteristic :  1. Non Rivalry : Additional marginal cost is 0 or…

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: Suppose the government provides some amount of a public good, but it results in a reduction of…

A: Crowding out is the situation where the private provision  is decreases as a result of government…

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: A government decides that product X is a demerit good and product Y is a public good. Which policy…

A: "Correct answer is option d."

Q: How can the relative levels of taxes impact relationships between states? For instance, what is…

A: As we know tax is one of the major sources of government income, which the government spends on…

Q: Write an essay about:

A: ANSWER STEP-1 Companies and employees in urban center fancy a number of very cheap taxes within the…

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

A: Limited and bundled choice in the public sector leads to a reduction in economic efficiency. The…

Q: Macroeconomics is a study of economics that deals with which 4 major factors: A) Firm, government,…

A: Macroeconomics is that branch of Economics where we study the economic problems and issues at a…

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: Briefly explain any three economic roles of a government

A: Government is an important element in the economy. Given below are three economic roles of the…

Q: Adam Smith believed that the pursuit of the public interest is also the best way to promote the…

A: Adam Smith was one of the first financial experts/economists to clarify how rational self-interest…

Q: two reasons why an amendment is more important than a law

A: The laws are the rules and regulations set by the government of a nation which we have to obey in an…

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: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they are: “nowhere necessaries of life”…

A: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they is: “nowhere necessaries of life”…

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: 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: 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: Consider a public good that has 2 consumers, Dylan and Fred. Dylan’s demand for the public good is…

A: Free rider issue in the case of public goods leads to market failure i.e. inefficient allocation of…

Q: Which one of the two policies, a tax on pork meat consumption, or a tax on pork meat production, is…

A: Most economists believe that a perfectly (PC) competitive market which is devoid of any government…

Q: . Directions: Below is a list of the six economic functions of government, followed by a set of 12…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: of a given activity. c) Economists refer to the revenue collected as a result of a tax as the burden…

A: In an economy, economists think that there are different types of tax burden when government imposes…

Q: Explain why it might be socially and economically optimal for a government to have a public policy…

A: Subsidy for education would benefit society socially as well as economically. There would positive…

Q: Is it inevitable that government must become involved in supporting investments in new technology?…

A: In the present world, technology is the main driver of change. There has been an increasing world…

Q: Explain briefly why the shape of the demand curve for the public good is downward sloping for HHA…

A: Public goods refer to those goods which are nonrival and nonexcludable such that one person does not…

Q: e government decides that rich people are the ones that should pay taxes; as a result, it taxes…

A: When the percentage change in demand is higher than percentage change in price, the demand is said…

Q: 8. Agreement and disagreement among economists Suppose that Kenji, an economist from a business…

A: In an economy, economists make their analysis on the given scenario and give some ways to deal with…

Q: When assessing the optimal size of the public sector, the benefits of government action   Multiple…

A: Public goods are those goods which are non-rivalrous and non-excludable. It means that no individual…

Q: One popular way governments try to ameliorate market failures is by imposing taxes or offering…

A: Externalities are side effects of economic transactions which are faced by the third party. These…