Homework Answers
Government can not use federal reserve policies to address nexternalities.Only federal reserve can use federal reserve policies.
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Question 2 (10 points) The government can address nexternalities through the following: taxes, subsidies and federal...
All of the following illustrate how government can correct for positive externalities EXCEPT a)subsidies, b)regulation, c)government...
All of the following illustrate how government can correct for positive externalities EXCEPT a)subsidies, b)regulation, c)government financing and production, d)charging efluent fees (aka Pigouvian taxes)
Question 13 (1 point) Which of the following statements about abatement subsidies is NOT true? Environmental...
Question 13 (1 point) Which of the following statements about abatement subsidies is NOT true? Environmental groups dislike abatement subsidies because they appear to reward polluters. Governments like abatement subsidies because they are relatively inexpensive to implement. Abatement subsidies are popular with firms. Financing abatement subsidies through taxes may cause distortions in other markets by reducing incentives to work and produce Question 15 (1 point) The Supreme Court of Canada recently ruled that the Federal Government's imposition of a carbon...
5. TAXES/SUBSIDIES, AND OTHER GOVERNMENT REGULATIONS 1. Consider the demand and supply for bubbly water in...
5. TAXES/SUBSIDIES, AND OTHER GOVERNMENT REGULATIONS 1. Consider the demand and supply for bubbly water in a market represented by the following equations: QD = 15 - 10P QS = 40P - 50 where Q is millions of bottles per year and P measures dollars per bottle. The equilibrium price of bubbly water is $1.30 per bottle and 2 million bottles are sold each year. (a) Calculate the price elasticity of demand and the price elasticity of supply at the...
Question 1 (2 points) The US Constitution establishes a federal system of government in which all...
Question 1 (2 points) The US Constitution establishes a federal system of government in which all rights not specifically granted to the Federal government are retained by the states. Question 1 options: True False Question 2 (2 points) The United States Constitution guarantees anybody who is accused of committing a crime the right to Question 2 options: chose their judge trial by jury delay their trial select their own jury Question 3 (2 points) The number of amendments the States...
Question 23 (2.5 points) Which of the following is true? Federal Reserve System is a private...
Question 23 (2.5 points) Which of the following is true? Federal Reserve System is a private institution. The Federal Reserve System is independent from the Federal Gove There are 7 Federal Reserve District Banks in the U.S. Federal Open Market Committee is responsible for the reserve req Each member of the Board of Governors is appointed for 4 years. Question 24 (2.5 points)
Question 10 2 pts State and federal unemployment taxes are imposed on both employers and employees....
Question 10 2 pts State and federal unemployment taxes are imposed on both employers and employees. O True False Question 15 2 pts Which of these is not included in an employer's payroll tax expense? OF.I.C.A. (social security) taxes O Federal income taxes Federal unemployment taxes State unemployment taxes Question 2 2 pts Which of the following is not one of the requirements for accruing the cost of compensated absences? Payment of the compensation is probable. The obligation relates to...
The government of Broncoland uses monetary policy tools similar to the Federal Reserve System of the...
The government of Broncoland uses monetary policy tools similar to the Federal Reserve System of the United States and defines its monetary aggregates the same way as the Federal Reserve System of the United States. The required reserve ratio in Broncoland is 10%. The following information also applies to the government of Broncoland: Bank deposits at the central bank = $200 million Currency held by the public = $150 million Currency in bank vaults = $100 million Checkable bank deposits...
QUESTION 32 How federal government taxing and spending affects aggregate demand is a. a major concern...
QUESTION 32 How federal government taxing and spending affects aggregate demand is a. a major concern of fiscal policy. b. a major concern of international policy. c. a major concern of corporate policies. QUESTION 34 How would a balanced budget amendment change the effect of automatic stabilizer programs? a. They could no longer exist because the government would not have a way to pay for these programs. b. They would lose flexibility because spending could not increase unless funds were...
[ 4 Points Question 16 Consider a government that cuts taxes to exert an expansionary stimulus...
[ 4 Points Question 16 Consider a government that cuts taxes to exert an expansionary stimulus on the economy (government spendi is not changed). Which of the following statements is correct? 4 The longer the government waits to increase taxes, the higher the eventual increase in taxes must be in order to repay government debt. B The lower the real interest rate is, the higher the eventual increase in taxes must be in order to repay government debt. (C) The...
2)The "Superfund" is funded by: Group of answer choices Federal government budgeting process. money gathered through...
2)The "Superfund" is funded by: Group of answer choices Federal government budgeting process. money gathered through civil actions against polluters and taxes levied on chemicals, petroleum products, and general corporate profits. private parties who are responsible for mismanaging hazardous waste and for not disposing of it properly. money from the taxation of hazardous waste producers.
All of the following illustrate how government can correct for positive externalities EXCEPT a)subsidies, b)regulation, c)government financing and production, d)charging efluent fees (aka Pigouvian taxes)
Question 13 (1 point) Which of the following statements about abatement subsidies is NOT true? Environmental groups dislike abatement subsidies because they appear to reward polluters. Governments like abatement subsidies because they are relatively inexpensive to implement. Abatement subsidies are popular with firms. Financing abatement subsidies through taxes may cause distortions in other markets by reducing incentives to work and produce Question 15 (1 point) The Supreme Court of Canada recently ruled that the Federal Government's imposition of a carbon...
5. TAXES/SUBSIDIES, AND OTHER GOVERNMENT REGULATIONS 1. Consider the demand and supply for bubbly water in a market represented by the following equations: QD = 15 - 10P QS = 40P - 50 where Q is millions of bottles per year and P measures dollars per bottle. The equilibrium price of bubbly water is $1.30 per bottle and 2 million bottles are sold each year. (a) Calculate the price elasticity of demand and the price elasticity of supply at the...
Question 23 (2.5 points) Which of the following is true? Federal Reserve System is a private institution. The Federal Reserve System is independent from the Federal Gove There are 7 Federal Reserve District Banks in the U.S. Federal Open Market Committee is responsible for the reserve req Each member of the Board of Governors is appointed for 4 years. Question 24 (2.5 points)
Question 10 2 pts State and federal unemployment taxes are imposed on both employers and employees. O True False Question 15 2 pts Which of these is not included in an employer's payroll tax expense? OF.I.C.A. (social security) taxes O Federal income taxes Federal unemployment taxes State unemployment taxes Question 2 2 pts Which of the following is not one of the requirements for accruing the cost of compensated absences? Payment of the compensation is probable. The obligation relates to...
[ 4 Points Question 16 Consider a government that cuts taxes to exert an expansionary stimulus on the economy (government spendi is not changed). Which of the following statements is correct? 4 The longer the government waits to increase taxes, the higher the eventual increase in taxes must be in order to repay government debt. B The lower the real interest rate is, the higher the eventual increase in taxes must be in order to repay government debt. (C) The...
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