what role does taxation and budget process play in government decisions?

Q: RON T PAGE alifornians Vote to Triple Cigarette Tax acramento, CA-Californians voted to more than tr...

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Q: In statistical process control, the hourly samples are taken. The sample means are: 156.46, 199.62. ...

A: Answer is given below ... 

Q: What will be the revenue deficit if the revenue expenditure are $91 And the revenue receipts are $80...

A: Total revenue spending is subtracted from total revenue collections to arrive at the revenue  defici...

Q: Assume an economy operates in the intermediate range of its aggregate supply curve.  State the direc...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Suppose the government borrows $20 million more next year than this year. a. Draw and fully label ...

A: All answers given below,

Q: Demand of product X = 2 P = 2000 - 4 Q Supply of product X = P = 100 + 3 Q Sales tax per unit = $ 10...

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

Q: Why would a reduction in tax rates that was anticipated to be only temporary not cause nearly as lar...

A: The answer and explanation is as follows:-

Q: In the long term, the elasticity of supply is affected most by what? Otime O resources O capital O l...

A: The measure that depicts percentage change in quantity being supplied with respect to the percentage...

Q: Answer the following questions on the basis of the following three sets of data for the country of N...

A: PLEASE FIND THE ANSWER BELOW.

Q: Describe the major characteristicsof capitalism, socialism, and mixedeconomic systems.

A: Economic system refers to the framework under which the economy of the nation operates. Different co...

Q: The first cost of a certain equipment is P324,000 and a salvage value of P50,000 at the end of its l...

A: First, we convert all values into an equivalent A i.e. annual equivalent value. Then, to find the ca...

Q: If the goverment wants to raise tax revenue and shift most of the tax burden to the consumers, it wo...

A: Tax incidence measures the burden of tax shares between consumer and seller.  It depends on the pric...

Q: What do you think is the significance of concept on foreign reciprocity?

A: International trade is a very important concept of economics which forms a very important part of th...

Q: Bozo is a clown. He wants to start a clowning business where he sends other clowns out to birthday p...

A: When there are 2 workers,Output (Birthday parties)=7When there are 3 workers,Output (Birthday partie...

Q: Define the term money multiplier?  d. Assume that Lucky Bank is required to hold a 10% deposits as...

A: c. In fractional reserve system, money multiplier refers to the maximum amount of  money that can be...

Q: Assume that the demand curve is a straight line. If the price per unit of a good rises from $4.50 to...

A: Price elasticity of demand means percentage change in quantity demanded due to the percentage change...

Q: Contrary to predictions, for-profit colleges and universities are more expensive than public institu...

A: Between 1980 and 2005, tuition at private colleges in the United States more than doubled in real te...

Q: A man is considering investing P500, 000 to open a semi-automatic auto-washing business in a city of...

A: Future worth is basically the value of a current asset at a future date based on a projected rate of...

Q: The purpose of the Madisonian plan Federal government was to assure that the states remained separat...

A: The Madisonian model is a government system in which the government's powers are divided among three...

Q: The sum of three consecutive terms of an A.P. is 24 and their product is 440. Find the numbers?

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Q: Kevin wants to use less fossil fuel by purchasing an electric vehicle. EV's are currently about 50% ...

A: Production means the raw material is converted into finished goods. It means the inputs are used to ...

Q: Consider an economy where: The real rate of interest The nominal rate of interest 4.11% 7.09% Calcul...

A: Real Interest Rate = 1 + Nominal Interest Rate1 + Inflation Rate -1 Real interest rate = Nominal Int...

Q: 1. The demand for a particular spare part in a factory was found to vary from day-to-day. In a sampl...

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Q: 6) If a market is in disequilibrium, economists would predict that the product's price would to reac...

A: Equilibrium is the economic state in which market demand and market supply are equal, resulting in p...

Q: A project manager hires an agent to work on a project and the agent can work hard or not hard. If th...

A: Given information Probability of work hard with project success=0.95 Probability of not work hard wi...

Q: 1. The following table shows three age-groups of boys and girls, (a) the number of children affected...

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Q: Chapter 11. Quiz - The World of Imperfect Competition Left Right A в TStimpy = $16 TStimpy = $15 Up ...

A: When talking about a payoff matrix in the game theory, it show the outcomes of different action of t...

Q: Would you please explain carefully several financial sources how the government financing its expend...

A: The gap between the government's total revenue and total expenditure is known as the fiscal deficit....

Q: Refer to the graph shown. This set of cost curves Is: MC ATC B AVC Output Multiple Cholce O wrong be...

A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce ...

Q: Lamburgs Incorporated is attempting to predict the impact of a forthcoming environmental regulation ...

A: The expected variable cost can be determined by the probabilities of various uncertain events. There...

Q: Which factor can cause a shift in supply? O demand increases and competition decreases O demand decr...

A: Demand and supply are two invisible forces important in microeconomics. Law of demand states that, w...

Q: In a certain factory there are two independent processes manufacturing the same item. The average we...

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Q: What is supply? Decision making behavior of sellers and shows the quantity that sellers are willing...

A: Supply : The supply can be defined as the quantity of the commodity that the seller is willing to se...

Q: An economy is considered a small open economy if it   A. is too small to affect the world real inter...

A: Open economy refers to the economy which trades with other countries.

Q: f you pay $1000 for a $1000 bond that pays annual “coupon interest” equal to 5% and matures in 3 yea...

A: Given bond coupon rate = 5 % Bond face value = 1000 $ Current market value = 1000 $ Time = 3 years

Q: You are given the market demand function Q = 2000 – 1000p, and that each duopoly firm's marginal cos...

A: Given  Market demand function:  Q=2000-1000p         ... (1) The marginal cost function for each fir...

Q: Work sampling studies are conducted to find the utilisation of a machine. Out of 200 observations ma...

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Q: Consider monopolies such as local water or electric public utilities that are regulated by a governm...

A: The structure of a market where there is only a single seller in the market is being known as a mono...

Q: Chris and Dana live in an exchange economy with two goods: good Q and good R. Chris starts off with ...

A: This question is based on the Cobb-Douglas utility function.

Q: Find the median wage of the following distribution : Wages (in $ ): 2,000-3,000 3,000-4,000 4,000-5,...

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Q: In general, different jobs pay different wages. One overarching reason is that different jobs have d...

A: A wage is pay paid to representatives for work for an organization during a timeframe. Wages are gen...

Q: 6. Consider Jake and Al again. They are considering going to Portugal or Sweden once the pandemic en...

A: Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there ...

Q: Production Point Capital (K)  Labor (L) Output (Q) A 1 1 2 B 2 2   C 1 3   D 2 4   E 1 5   F 2 6   G...

A: Given information Production table is given Production Point Capital (K)  Labor (L) Output (Q) ...

Q: 8unax a. Customer satisfaction is marketer's goal b. Customers' needs have to be understood by marke...

A: The concept of the marketing mix has been around since 1960, when the original four P's — product, p...

Q: Write a critique of the export base theory

A: Export Base Theory According to the export base theory, external demand for export industries' produ...

Q: Nadia consumes two goods, food and clothing. The price of food is $2, the price of clothing is $5, a...

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...

Q: Your full-service brokerage firm charges $140 per stock trade. How much money do you receive after ...

A: Given:Brokerage =$140Number of shares=200 sharesSelling price=$20.13

Q: Still using the graph on the left, shade and label the areas corresponding to the consumer and produ...

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Q: Per-unit production cost is:     A)  a determinant of aggregate demand.   B)  real output divided by...

A: Aggregate demand is composed of consumption spending, investment spending, government purchases and ...

Q: Designers of the Federal Reserve System were concerned that the Fed might form policy favorable to o...

A: The Federal Reserve System is the US government's central banking authority. It serves as the US gov...