Government expenditures as either a transfer payment

Assignment Help Business Economics
Reference no: EM131094725

Classify each of the following government expenditures as either a transfer payment or a purchase of goods and services. Which ones clearly tend to decrease the inequality of income distribution?

1. Payments of wages and family living allowances to Canadian soldiers overseas

2. Employment insurance payments to unemployed workers

3. Payments to provinces for support of highway construction

Reference no: EM131094725

Questions Cloud

Building well-networked organization : Leaders and human resources professionals are searching for ways to generate more value from their employees. Finding new approaches for optimizing talent is a critical aspect of organizational performance. The Hackett Group, an operations improvemen..
Some pros and cons to command-and-control strategies : What are some pros and cons to command-and-control strategies. How does C-and-C compare to Incentive strategies? In general, do you favor such strategies? Under which conditions? Please provide your rationale.
Consider an income-tax system that has four tax brackets : Consider an income-tax system that has four tax brackets. The following table shows the marginal tax rate that applies to the income in each tax bracket. Compute the average income-tax rate at income levels $10,000 and $20,000, and each increment of ..
Market equilibrium and preferable to the alternative : Why do economists tend to react in a hostile fashion to prposals for quotas, or for price ceilings and price floors? Recall and describe case(s) in which such interferences with the market equilibrium and preferable to the alternative, and explain wh..
Government expenditures as either a transfer payment : Classify each of the following government expenditures as either a transfer payment or a purchase of goods and services. Which ones clearly tend to decrease the inequality of income distribution?
Attribute the difference to the effects of unionization : In trying to measure the extent to which labor unions are responsible for increasing wages, economists use sophisticated statistical methods to compare the wages of unionized workers with those of non-unionized workers. Explain why it is not legitima..
Equal pay for work of equal value : “Equal pay for work of equal value” is a commonly held goal, but “equal value” is hard to define. What would be the consequences of legislation that enforces equal pay for what turns out to be work of unequal value?
Pros and cons associated with a cap-and-trade program : Identify some pros and cons associated with a cap-and-trade (CAP) program. Does its implementation increase costs? Is it appropriate to describe CAP programs as merely a way for "big business" to buy their way out of meeting environmental compliance?
Law of diminishing marginal utility : An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered recently.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd