Illustrate the 3rd the government redistributes income
Illustrate the 3rd the government redistributes income?
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To help alleviate poverty the 3rd government redistributes income. It is completed by progressive taxation of income that taxes low down incomes which is proportionately less than high incomes and by transfer payment programs likely redundancy compensation, social security benefits also food stamps, Medicare, aid to low-income families with dependent children, and other programs that provide support for the poor.
When the prices for doughnuts and croissants are $.50 and $1 correspondingly: (w) the opportunity cost for one doughnut is two croissants. (x) this is better to buy two doughnuts than one croissant. (y) one croissant will make Pierre twice as happy as one doughnut. (z
Definition of “Full Employment”?
“In the corn market, demand often exceeds supply and supply sometimes exceeds demand.” “The price of corn rises and falls in response to changes in supply and demand.” Among these 2 statements used correctly which in the terms “supply&rdq
Give a brief introduction of the term Operating Leverage?
The state legislature has voted to develop a grant-in-aid policy to try and induce local communities to devote more resources to improving their infrastructure. Town O = Has an operating budget of $2 million; currently spends a tot
Can you explain how different government policies with respect to the recycling of aluminum and paper might account for these different market outcomes?
According to Adam Smith nation's wealth is, not the gold this possesses, but somewhat it’s: (1) number of people. (2) capability to give goods for its people. (3) foreign investments. (4) domestic financial capital. (5) militar
Elucidate facilitating factors that explain the growth of trade?
Transaction costs tend to be decreased and markets are more efficient when: (w) the government subsidizes a good. (x) inter-market price differentials are eliminated through arbitrage. (y) taxes are used to give for social wants. (z) regulations close
Drawing a production possibilities frontier needs the supposition that: (1) Decision makers encompass discretion over resource accessibility. (2) Technology is constant. (3) Income is fairly distributed. (4) Resources are considerably diverse. (5) At least three goods
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