When comparing subsidy systems with cash transfers

Assignment Help Business Economics
Reference no: EM131159438

When comparing subsidy systems with cash transfers, it is crucial to consider whether it is the general welfare of the recipient or his consumption of the specified good which is of prime importance. Discuss.

Reference no: EM131159438

Questions Cloud

Is the standard for proving this civil action : Wesley was mad at Stacey for breaking up with him. He decided to shoot her, bought a gun, and killed her the next day. Stacey's family is devastated that she died. (a) In addition to the crimes that Wesley may have committed, what type of civil actio..
Why is the growth of consumer spending considered : Why is the growth of consumer spending considered a positive factor for expansion of GDP even when personal saving is falling to a negative level? Are the long term and short term effects of a negative personal saving rate both favorable to economic ..
Compensating variation and equivalent variation : Explain the terms 'compensating variation' and 'equivalent variation' of a price change with diagrams. Under what circumstances would the two measures coincide?
In consumer theory : In consumer theory, what is meant by the 'substitution effect' and 'income effect' of a price change? How are these concepts used to classify goods as normal, inferior or Giffen?
When comparing subsidy systems with cash transfers : When comparing subsidy systems with cash transfers, it is crucial to consider whether it is the general welfare of the recipient or his consumption of the specified good which is of prime importance. Discuss.
Explain how monopolist uses price discrimination : Explain how a monopolist uses price discrimination in an effort to increase its profits. In your answer, you should differentiate between first, second and third degree price discrimination.
Welfare system in which benefits take form of cash payments : A welfare system in which benefits take the form of cash payments to recipients is preferable to one based on the use of price subsidies on merit goods. Discuss this statement using consumer theory to illustrate your arguments.
Perceived conflict between earning profit-being responsible : There is sometimes a perceived conflict between earning profit and being responsible. What should CanGo do about adding violent games to their product mix? What impact might this have on the various stakeholders for the company? Why might the percept..
Operating business in an ethical manner takes time : Operating a business in an ethical manner takes time, effort and commitment. What are the key elements to a company having successful organizational ethics? What can we do as managers to encourage ethical behavior and to raise ethical standards in ou..

Reviews

Write a Review

Business Economics Questions & Answers

  What is happening to total domestic gas production

Where does NSW get most of its natural gas supplies from up to now? What is happening to total domestic gas production in Australia and Describe the structural change that is taking place in the Australian gas market.

  What happens to taxes-consumption-aggregate demand

Calculate and graph what happens to T(taxes), C(consumption), AD(aggregate demand), GDP, and Prices if the President raises taxes by 100 billion and the MPC = .80.

  Nonlinear multiple regression model coefficients

What is the different between interpretation of coefficient in SLRM and MLRM? How does it relate to omitted variable bias? How about a linear versus nonlinear multiple regression model coefficients? (quadratic). What is the role of controls?

  What is the total holding cost for the year

An energy company orders metric tons of liquid natural gas that is used at the rate of 1,000,000 metric tons per year. Delivery lead time has averaged 8 days. What is the economic order quantity (in metric tons)? What is the total holding cost for th..

  What is expected rate of return on dollar-denominated assets

If the interest rate on euro-denominated assets is 7 percent and it is 5 percent on dollar- denominated assets, and if the dollar is expected to appreciate at a 4 percent rate, for Francois the Frenchman what is the expected rate of return on dollar-..

  Consumer save by getting the best price

Prices for a medical procedure average $1,000 and range from $800 to $1,200. How much could a consumer paying full price save by getting the best price? Suppose that insurance is responsible for 75 percent of the consumer’s spending and that out-of-p..

  What do we tell the customer

Is it fair to miscommunication to the customer in this way? Are we being accurate, unambiguous, and clear? What’s the harm if the customer opens all the accounts?

  Terms of airfares-other vacation-related expenses changed

Jim spends all his income on apartment rent, food, clothing, and vacations. He gets a pay raise from $3,000 a month to $4,000 a month. At the same time, airfares and other vacation-related expenses increase by 50 percent. How has Jim’s budget in term..

  Description of the initiative financing source

Principles of economics for evaluating and assessing the need for the public health initiative, A brief description of whether the initiative is a micro or macroeconomic program, A determination of whether the result of the initiative is a public or ..

  Dealing with dissatisfied and disgruntled customers

This case focuses on the approach to customer service and customer relationship management taken by Nordstrom, an upscale retailer headquartered in Seattle, Washington. Nordstrom has operated with the same management philosophy for over 100 years: De..

  Leading the charge for fiscal coordination

Why is Germany now leading the charge for fiscal coordination? How has Germany’s reliance on the Eurozone countries contributed to its own economic slowdown?

  Study of several grocery stores in the midwest yielded

A study of several grocery stores in the midwest yielded the following cost function: Where q is the output of the store, measured in thousands of dollars of sales, and M is 1 if there is a regional warehouse located within 100 miles and 0 otherwise...

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