Introduction of payments to support households

Assignment Help Microeconomics
Reference no: EM132519111

Several government policies have been proposed to attempt to mitigate the economic effects of COVID-19. Some are using traditional monetary and fiscal policies (such as cutting interest rates, quantitative easing and bailouts). Others are trying out non-traditional methods (such as direct cash transfers, loans to businesses conditional on maintaining employment and wage subsidies).

The Australian Government has implemented several economic measures in response to COVID-19. These include providing two separate $750 payments to social security, veteran and other income support recipients to support households. They are also expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight to eligible recipients.

From a consequentialist perspective, is the introduction of payments to support households and income during the COVID-19 crisis (described above) ethically justified?

Reference no: EM132519111

Questions Cloud

Graph the utility-maximizing combination : a. Following the equi-marginal principle, what combination/s of burger and fries maximizes utility?
Describe the advance care planning and analysis : Advance Care Planning and Analysis. Read the section titled "Reflective Practice: Pants on Fire" from the chapter "Health Policy, Politics, and Professional.
What is the current yield of leisure limited preferred stock : Suppose the market interest rate rises and Leisure's preferred stock's yield rises to 8%. What is the price of Leisure's preferred stock then?
Derive the supply equation for the sal beignets : If the owners supply 35 servings for a taste test, derive the supply equation for the Sal's beignets.
Introduction of payments to support households : From a consequentialist perspective, is the introduction of payments to support households and income during the COVID-19 crisis (described above) ethically
Explain the economic link between opportunity cost : Explain the economic link between opportunity cost and a decrease in wages. How might this have impacted an individual's utility maximising choice?
Categorize each of items from farmers state bank : Farmers State Bank of Mumford is currently, Prepare and Categorize each of the items from Farmers State Bank into assets and liabilities. Circle the assets.
Describe participant protections provided by researchers : Describe the participant protections provided by the researchers for participants. How were the participants selected? How might this impact ethical principles.
Kyra utility function for two commodities : Kyra's utility function for two commodities is ( 1, 2)= 12 2. She earns income =180 and pays a price 1=1 for commodity 1 and price 2=3

Reviews

Write a Review

Microeconomics Questions & Answers

  Due to the size of the current budget deficit

Due to the size of the current budget deficit in the United States, Congress should make decisions on reducing government expenditures to present a balanced budget. One way to eliminate the deficit is to cut expenditures across the board so that the ..

  Examine the characteristics of perfect competition

Examine the characteristics of perfect competition. Think about the market for retail gasoline, a market of perfect competition - What are the key characteristics of perfect competition? In what way does this market display the characteristics of..

  What is the formula for calculating the multiplier

What does the multiplier show? What is the formula for calculating the multiplier, K? The response must be typed, single spaced.

  How to reduces the amount of a product that consumers buy

A student makes the following argument: A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive.

  Does the given statement make sense

In June of 2009 the U.S. House of Representatives passed H.R. 2454, which introduced a "cap-and-trade" system to reduce carbon emissions associated.

  What price should the seller set

Suppose the seller and buyer are in a multiyear relationship. Each month, the buyer quotes a price and the seller selects her quantity. How might this change each player's behavior?

  Consider a monopoly firm with the demand and cost curves

Consider a monopoly firm with the demand and cost curves below. Suppose that the firm is operating in the short run with the plant designed to produce 400 units of output optimally. What will be the price? How much profit is made? What output should ..

  Write down the difference between real and nominal gdp does

what is the difference between real and nominal gdp? does gdp accurately reflect the nations welfare? why or why not?

  Applying principles of keynesian model what specific

suppose that you are the chief economic advisor to the president of the united states. you are asked to propose a

  How much should company deposit semi-annually into a account

A company establishes a sinking fund for replacement of equipment worth $700,000 that depreciates in 8 years. How much should the company deposit semi-annually into an account that pays 4.25 % interest compounded monthly?

  Define effect of the buisiness cycle on the multiplier

Effects of wage stickiness and the shape of the aggrate supple curve,effect of expectations on aggragate demand. Phillips Curve, natiral rate of unemployment, expacted inflation , the relationshipe between AS-Ad and the Phillipe Curve.

  Explain which principles of economics directly relate to

write a 1750 to 2450 word paper in which you decide whether to purchase a house.1. discuss which principles of

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