Select the type of government policy that Neo Classical economists would advocate (Select all correct answers) □ A. Government price control of key markets B. Control inflation □ C. Focus on policies towards long term growth □ D. Intervention to reduce unemployment in the short term
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- Q)Which of the following are many managers concerned about as a result of increased government participation in the economy? Explains it correctly not copy paste Question 20 options: a)an overheated economy b)a growing budget deficit C)an enormous budget surplus d)corrupt government officials taking bribes5) The value of government spending in billions of dollars is A) 200. B) 600. C) 800. D) 1,0003. In each of the following circumstances, decide whether the impact of government on the economy increases or decreases and why. In each case, how does your answer compare to that given by standard measures of the size of government? a. Provincial governments mandate that employers provide daycare centres for the use of their employees. b. Provincial governments subsidize daycare centres with parents paying $ 5 in user fees per day. c. Provincial governments open government-run daycare centres. d. The federal budget is brought into balance by reducing grants to provincial governments.
- 10. A type of corruption where policy implementation skewed to the advantage of some is term........ a. Petty b. Systemic c. Grand d. Bureaucratic e. Bribery 11. How many new local government units have been created in Ghana since 2017? a. 260 b. 16 c. 275 d. 54 c. 90 12. When a policy provides tangible resources or substantive power to its beneficiaries on one hand and impose cost on others, it is a. Material and Symbolic b. Distributive and Regulatory c. Redistribute and Private d. Material and Regulatory e. Material PolicyTrue or False 1.Budgeting for the government is far more complicated, the federal government has hundreds of revenues raising tools and thousands of programs on which to spend this revenue * 2.The government’s deficit, in contrast, is the amount by which its spending has exceeded its revenues in any given year * 3.Entitlement spending refers to funds for programs for which funding levels are automatically set by the rules set by Congress and by the number of eligible recipients * 4.The most important federal entitlement programs are Social Security, which provides income support to the elderly, and Medicare, through entitlement programs * 5.A law forcing a given government to balance its budget each year (spending = revenue) balance budget requirement *A government is evaluating the effectiveness of a new tax policy. Economists collect data on tax rates, government revenue, and economic growth before and after the policy implementation. They use econometric methods to assess the policy's impact on economic indicators. This application of econometrics primarily serves to:A) Estimate policy impactB) Create new tax lawsC) Design government websitesD) Recruit government staff Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate
- 1. Consider a closed economy without a government. If the GDP of theeconomy is $63,000 and the consumption in the economy is $45,000, thesaving rate in the economy is ________.A) 16.86 percentB) 24 percentC) 28.57 percentD) 35.75 percent9. The rise or fall of people's incomes, fluctuations in interest rates, the changes in fiscal policy of governments that results in increased or decreased government spending are all elements that come under the category of ...... trend. Select one: O a. D. sociocultural O b. A. regulatory O c. C. demographic O d. B. economic6. 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.
- 3.Define progressive tax.asap6.) Government intervention arises from market failure and often includes which of the following? a competition generation b. tax policy c. competition generation and tax policy d. neither competition generation nor tax policy4. Which of the following statements are FALSE? (a) When the government prints money to buy goods and services the resulting inflation is a form of tax, since people will not have to pay more for their goods and services than before. (b) An effective fiscal policy macroeconomic stimulus should aim to replace private spending with public (government) spending. (c) To be effective a fiscal policy macroeconomic stimulus should have temporary increases in spending and permanent tax cuts. (d) The paradox of thrift is that the increase in saving during a recession because people postpone major purposes prolongs the recession and thus is not good for the economy, while normally saving grows the economy.