What type of tax cuts is likely to create the greatest (a) incentives, (b) disincentives to effort?

Q: Which types of budget cuts only reduce areas that have overspending? Group of answer choices…

A: Budgets refers to the preparation of the spending plans based on the income. Budgets are prepared by…

Q: Should the United States government attempt to operate under a balanced budget? Why, or why not?

A: In an economy, government budget refers to the statement under which government record preplanned…

Q: Pareto equilibrium

A: ‘Pareto efficiency’ is a situation where it is impossible to make one entity better-off without…

Q: government budgeting? Why is it important?

A: Government budgeting:- Government budgeting is the critical exercises of allocating revenues and…

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: How can FISCAL POLICIES help for a low-carbon economy?

A: Fiscal policies are policies that are used by the government to achieve various goals relating to…

Q: Discuss examples of the different ways that the government intervenes in the economy.

A: Government intervenes refers to an action plan of government or public entity in order to have a…

Q: What are the short-run and long-run implications when it comes to government spending changes versus…

A: Government Spending is defined as the money that is spent by the government or the public sector of…

Q: Describe the following term in your own words. Balanced budget

A: Budget shows the total receipts(income) and total expenditure of the government in a fixed period of…

Q: Why do some economists advocate taxing consumption rather than income?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Why are budget cuts a good thing?

A: A budget cut refers to a decrease in the amount of a budgeted expenditure within a government or a…

Q: In a country, a value-added tax (VAT) is applied at each stage of production. The nature of VAT…

A: Value-added tax (VAT) refers to a tax paid by the seller of the products, but it is ultimately…

Q: Determine how the following government policy will move the equilibrium point.Choose the one best…

A: Government spending refers to the expenditure incurred by the government or the Public sector for…

Q: Explain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what…

A: Macroeconomic unpredictability and uncertainty may have been caused by an assortment of internal as…

Q: What is the government policy that supports research and development (R&D), doesn't involve the…

A: The process through which there is the creation of improved or new technologies that could help in…

Q: what is the economic impact of government overreach? How is this seen in the current and past…

A: Government impact  in the economic impact outreach would help in the expansion and the development…

Q: Tools ofmonetary policy and fiscal policy?

A: Monetary policy is the macroeconomic policy used by central bank in order to affect money supply and…

Q: How should the government execute Fiscal Policy?

A: Fiscal policy refers to the use of government spending and taxation to influence the economy. It can…

Q: Which of the following is NOT counted in the "G" component of spending Group of answer choices the…

A: Gross Domestic Product(GDP) includes Consumption, Investment, Government Expenditure, Net Exports.…

Q: Which system of taxes is best? Why does that system is the most effective way for the government to…

A: Mainly there are 3 types of taxes which are imposed by the government. These are proportional…

Q: How are public colleges and universities respondingto budget cuts?

A: Meaning of Government Debt: The term government debt refers to the situation under which the…

Q: discuss the budget cycle.discuss why the annual budget is considered as a political act of state?

A: Budget is a financial plan for a specified future period of time. The budget presents an estimation…

Q: Refusing to pay taxes because you disapprove of how the money is being used by the government is an…

A: Taxes are described as a legal payment made by citizens of a country to the government that is…

Q: Fiscal policy can affect the rental cost of capital. true or false?

A: Fiscal policy is the use of government spending and taxation by the government to influence the…

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: n the classical budgeting era from WWII to the early 70s, most citizens agreed on public policy and…

A: Keynes come up wit this policy keep the market at optimal levels and manage them after the WWII and…

Q: Which of the following is an example of discretionary fiscal policy? A(n) Group of answer choices…

A: Discretionary fiscal policy is used by the government to change aggregate demand in an economy,…