Which of the following is NOT a fiscal policy action? Group of answer choices decreasing government spending on the arts lowering income tax rates. raising the quantity of money in circulation increasing government expenditures on military hardware

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: The tax on cigarettes in New York City is one of the highest in the nation—$5.85 per pack. What are…

A: Tax is a mandatory unilateral or one way payment made by the public towards the government in the…

Q: The personal income and payroll taxes are already too high. I think business should share A larger…

A: Big firms or corporates are powerful players in the market that tends to affect the market prices in…

Q: There is equilibrium in the relevant market. The economic effects of taxes can be analysed using…

A: We are going to discuss the tax effect on equilibrium price to answer this question.

Q: Please answer these two questions using the information from above: The government wants to increase…

A:

Q: Emerald Isle has been named by Southern Living magazine as the best beach town in North Carolina.…

A: The tax is a compulsory payment which is given to the government on the gross income for which the…

Q: The Ontario Minister of Agriculture and Food wants the federal government to eliminate the…

A: ANSWER   The ontario government in 2020 accepted the proposal of Fed government for enhancing the…

Q: Causes of public expenditure

A: The causes of public expenditure is that the public expenditure must be done due to welfare of the…

Q: How will the revenues for the bottom line with a budget of $3.4 trillion affect our economy?

A: Answer - Need to find- How will the revenues for the bottom line with a budget of $3.4 trillion…

Q: Which of the following is considered mandatory government spending? payments to Social Security…

A: Mandatory government spending programs are those that are required by law, meaning that Congress…

Q: Suppose that when he took office in January 2009, President Obama wanted to reduce the level of…

A: The Country U's Department of Justice houses the DEA as a federal law enforcement organisation. Its…

Q: What are pros and cons to increasing the gasoline tax?

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: During the past five decades, there has been a shift in the composition of the federal budget toward…

A: The government budget represents the spending plans of the government of an economy for a given…

Q: If the government decide to increase taxes on sugar, who do you think will carry the burden of…

A: The equilibrium price and quantity of a good or service is determined by the forces of market demand…

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: 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: Explain Biden's education expansion proposal. What economic justification does this proposal rely…

A: Person B is attempting to restore the ‘country U’ backbone by educating more and more middle-class…

Q: Imagine that you work for the central bureaucracy and you need to raise revenue.  You want to use a…

A: Price elasticity measures the responsiveness in quantity demanded/supplied of a commodity to a…

Q: Which of the following is NOT a reason that governments impose taxes? To finance government spending…

A: Taxation is the process by which governments collect money from individuals and entities within a…

Q: Agricultural price supports result in governments holding large inventories of agricultural…

A: Agricultural price supports is the minimum fixed price which is guaranteed by the government to the…

Q: One rationale for imposing taxes on alcohol consumption is that people who drink alcohol impose…

A: Introduction: Many people regard alcohol as the life of the party, but it is also regarded as a…

Q: Which of the following government spending categories falls into the discretionary category social…

A: Some spendings which are non important such as vacation costs and luxury items, are not necessary to…

Q: Government is known to utilize a product's elasticity measures to set taxes and subsidies. Use this…

A: Tobacco products Tobacco products include harmful items such as cigarettes etc. People who consume…

Q: The federal government decides to impose a hefty tax on the sale of cars. a) What is the effect on…

A: Answer -  Part (a) -Answer  - As federal government  decides to impose  a hefty tax on the sale of…

Q: What is the best policy to implement with regard to taxes?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: give an explanation to the following statements:   The higher the elasticity of supply in the…

A: The supply elasticity is the ratio of the percentage change in quantity supplied to the percentage…

Q: (1) (2) (3) (4) (5) Qd Qd Price Qs 50 40 $ 10 70 80 60 50 9 60 70 80 60 8 50 60 90 70 7 40 50 100 80…

A: The table shows demand schedule and supply schedule. Columns 3, 4 and 5 show supply schedule.

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: A county government has decided that it needs to generate more revenue to pay for repaving all of…

A: The government collects taxes to finance its expenditure incurred while adopting various…

Q: Draw a diagram where sellers have to pay a $X tax to the Government on each unit that they sell.…

A: When a tax is imposed on sellers in the market, the incidence of tax does not fall entirely on…

Q: Subsidies, unlike taxes, tend to increase the quantities of goods and/or services traded and…

A: A subsidy given by the government to individuals or institutions. It is a form of financial support…

Q: Outline the budgetary process and explain the role that politics plays.

A: The budget is defined as the estimation of expenses and revenue over a specified future period of…

Q: Two of the primary purposes of taxes are to fund the government and mitigate the negative effects of…

A: Taxes are described as a type of obligatory charge levied by a country's government on its…