Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 31, Problem 15RQ
Explain how cuts in funding for programs such as Head Start might affect the development of human capital in the United States.
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Students have asked these similar questions
Belize Prime Minister took $30 million loan from the Social Security Board, for constructing of administrative buildings on government-owned land on Lake Independence Boulevard.
Can this level of expenditure contribute to the economic growth of Belize or helped lower poverty among the population?
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Chapter 31 Solutions
Principles of Economics 2e
Ch. 31 - In a country, private savings equals 600, the...Ch. 31 - Assume an economy has a budget surplus of 1,000,...Ch. 31 - In the late 1990s, the U.S. government moved from...Ch. 31 - Imagine an economy in which Ricardian equivalence...Ch. 31 - Why have many education experts recently placed an...Ch. 31 - What are some steps the government can take to...Ch. 31 - Based on the national saving and investment...Ch. 31 - How would you expect larger budget deficits to...Ch. 31 - Under what conditions will a larger budget deficit...Ch. 31 - What is the theory of Ricardian equivalence?
Ch. 31 - What does the concept of rationality have to do...Ch. 31 - What are some of the ways fiscal policy might...Ch. 31 - What are some fiscal policies for improving a...Ch. 31 - What are some fiscal policies for improving the...Ch. 31 - Explain how cuts in funding for programs such as...Ch. 31 - Assume there is no discretionary increase in...Ch. 31 - Explain how decreased domestic investments that...Ch. 31 - The U.S. government has shut down a number of...Ch. 31 - Explain how a shift from a government budget...Ch. 31 - Describe how a plan for reducing the government...Ch. 31 - Explain whether or not you agree with the premise...Ch. 31 - Explain why the government might prefer to provide...Ch. 31 - Under what condition would crowding out not...Ch. 31 - What must take place for the government to run...Ch. 31 - Sketch a diagram of how a budget deficit causes a...Ch. 31 - Sketch a diagram of how sustained budget deficits...Ch. 31 - Assume that the newly independent government of...Ch. 31 - Illustrate the concept of Ricardian equivalence...Ch. 31 - During the most recent recession, some economists...
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- Using the growth rates for countries over the past 20 years, as shown in the figure below, is there evidence that poorer countries in Africa and Asia are converging to the level of income found in Western Europe? Regional growth rates, 1980-2018 The graph shows that while developed countries averaged growth rates of about 2 percent, developing countries in Asia grew much faster. Starting in about 2000, countries in sub-Saharan Africa also grew at a high rate. Real GDP growth rate (percent) 11 9 7 Emerging and developing Asla Sub-Saharan Africa (Region) Advanced economies 5 3 1 -1 -3 -5 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 Source: IMF World Economic Outook, October 2018, www.imf.org/external/datamapper/NGDP RPCH@WEO/OEMDC/ADVEC/WEOWORLD. ○ Yes, the map shows that over the past 20 years countries in Western Europe have grown faster than countries in Africa and Asia. ○ Yes, the map shows that over the past 20 years countries in Africa and Asia have grown…arrow_forwardPolicymakers trying to promote economic growth must confront the issue of what kinds of capital the economy needs most. If policymakers decide to rely on the marketplace to allocate the pool of saving to alternative types of investment, Those industries with the kinds of capital that yield the lowest marginal product will borrow the most. Those industries with the kinds of capital that yield the highest marginal product will borrow the least. All industries will have incentives to borrow more. Those industries with the kinds of capital that yield the highest marginal product will borrow the most.arrow_forwardSome microfinance institutions (MFIs) have moved from NGO to for-profit status. Discuss whether this transition is in the best interest of the people the MFIs were created to assist.arrow_forward
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