Just like in the late 1700s, today the key problems of government finance are fundamentally political, not mathematical. Explain.
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: Pareto equilibrium
A: ‘Pareto efficiency’ is a situation where it is impossible to make one entity better-off without…
Q: Under federalism, one way the national government can force state and local compliance with its…
A: The Federalism or Federal system is a system of government and it is a three-tiered system, where…
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: True or false and briefly why ‘Funding in full’ proposed by Alexander Hamilton is a bad idea…
A: The act of providing resources to support a need, programme, or project is what we refer to as…
Q: Economists at which of the following government offices help formulate spending plans and regulatory…
A: The question is asking about the government offices where economists work to help formulate spending…
Q: The budget can be seen as a contract of presidential and congressional promises to supply funds for…
A: No, the budget cannot be seen just as a contract for the promises made on presidential &…
Q: What is the main objective and sources of public finance? According to macro economics
A: Public Finance is referred to as government activity that includes taxation, government spending and…
Q: In public finance, it no longer suffices for analysts and institutions to focus solely on budget…
A: Explicit contingent liabilities are potential obligations that have been recognized and disclosed in…
Q: Distinguish between public finance and private finance.
A: There are two types of finances that are private finance and public finance. Private finance refers…
Q: Which one of the following is not a major source of funds for the U.S. federal government? Multiple…
A: Individual income taxes account for around half of all government revenue. Another 36% comes from…
Q: Why most central banks no longer buy public debt in the primary market?
A: Primary market is the place where in securities are being created. In this market the firms sell new…
Q: explain the role of federalism as a political system and evaluate the contention that south africa…
A: Federalism is a kind of political structure that brings together distinct states or other polities…
Q: The receipts which either creates a liability or cause a reduction in the assets of the government…
A: While accounting the government budget, we come across the concept of revenue receipt which is a…
Q: Economists at which of the following government offices help formulate spending plans and regulatory…
A: The question is asking about the government offices where economists work to help formulate spending…
Q: Which of the following is true of government finances? state & local government's share of total…
A: The study of the government's role in the economy is known as public government finance. It is the…
Q: why elected government officials continue to spend more money than we have. Relate your discussion…
A: The concept of principal-agent problem defines the conflict in interests between an individual or a…
Q: Please help me find what are theories of Public Borrowing, starting from the Classical Theory of…
A: The following problem has been answered as follows:
Q: Explain the term monetizing government debt
A: The term monetizing government debt means that the government is short of the fund and they wants to…
Q: 1. A careful empirical study estimates that the (inverse) demand curve for fire protection services…
A: a. The demand curve is given by P=20-(Q/2). We can plot this equation on a graph by setting P on the…
Q: What are the desirable and undesirable effects of using a lump-sum tax to finance government…
A: A lump-sum tax is an exceptional method of tax collection, in view of a fixed sum, as opposed to on…
Q: Which of the following terms is used to describe the set of policies that relate to government…
A: Government taxes and spending influence economic conditions, mainly macroeconomic factors like…
Q: Give two examples each of revenue eceipts and capital receipts in a financial pudget.
A: According to the given question Financial budget in economics is known as a budget which predicts…
Q: How and why would the line-item veto influence budget reforms and reduce deficits?
A: The line-item veto is a legislative strength that lets in a primary govt, which includes a governor…
Q: n recent economic history, the U.S. federal budget was in surplus from 2001 through 2005. 1998…
A: The federal government has a budget that calculates the expected receipts and spending. The budget…
Q: Explain how the Finance Minister is held accountable.
A: A finance minister is a person in charge of the execution of one or more of government finances,…
Q: Why do governments typically issue general long-term debt? What types of services might be limited…
A: Government debt refers to the debt taken by the government from the citizens of the country to…
Q: A government is issuing treasury bonds to finance its budget deficit. In Financial Economics, this…
A: The problem here is to understand the financial implications of a government issuing treasury bonds…
Q: A government is facing a significant budget deficit due to high levels of public spending and…
A: Budget deficit is a scenario where government's spending exceeds its revenue in annual budget,…
Just like in the late 1700s, today the key problems of government finance are fundamentally political, not mathematical. Explain.
Step by step
Solved in 3 steps
