ECON 104 Study Guide - Final Guide: Nancy Folbre

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sapphiresnake846

14 Jul 2011

School

Simon Fraser University

Department

Economics

Course

ECON 104

Professor

Krishna Pendakur

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Document Summary

The province of bc has committed to balance its budget this year and all years. Is this a good idea: the federal government has made the same commitment, while at the same time reducing consumption tax rates (ie, the gst was reduced from 7% to 5%). Is this a good idea: assume that both levels of government keep their promises. What is the effect of this on public debt levels in the. Identify as many information problems in health care as you can. Why or why not: some argue that education of individuals causes externalities onto the well-being of other individuals. a. What investments should not be undertaken: sometimes people argue that we should invest in social programs like income assistance (giving money to people who don"t have much money). Or is it really simply redistribution: sometimes people argue that we should invest in social infrastructure", such as public transit, public housing, public parks.

Related Questions

Question 1

Which of the following is true concerning the consumption habits of ALL levels of government?

Select one:

a. All levels of government combined consume close to one-third of the nationâ output.

b. The levels of government consume all of the nationâs output and then ration out resources as it sees fit.

c. the private sector does not produce any goods for the government

d. The levels of government rarely consume any of the nationâs output

Question 2

Question text

Which of the following is an example of governmental MANDATORY SPENDING?

Select one:

a. Educational programs

b. Environmental and Space Programs

c. Paying the interest on the federal debt

d. National defense spending

Question 3

Question text

The state governments spend most of their money on

Select one:

a. National guard training

b. Education

c. State highway repair

d. Intergovernmental expenditures

Question 4

Question text

During which year did the first federal budget surplus occur within the last three decades?

Select one:

a. 1998

b. 1975

c. 1985

d. 1990

Question 5

Question text

Which is true concerning the Gramm-Rudmand-Hollings Bill?

Select one:

a. It was a bill that helped female employees get tax exemptions

b. It was legislation intended to establish a balanced budget

c. It was a bill that was vetoed because it limited the governmentâs ability to tax

d. It was a bill that was passed to put national defense on the mandatory spending list

Question 6

Question text

Which of the following is an example of how the government uses taxes to redistribute income?

Select one:

a. The government puts heavy taxes on the poor to gain revenue.

b. the government places very low taxes on the rich so that they can keep their money.

c. People with income pay income taxes and the government can spend money on transfer payments.

d. The government taxes all people equally

During the fall of 2007, the United States economy began a descent into deep recession. As a result, the federal government and the Federal Reserve took action to stimulate economic growth. Which of the following would have been an appropriate fiscal policy? There could be more than one answer! Please be 100% sure on this question:)

A. the Federal Reserve increasing the money supply to reduce the interest rate

B. the federal government providing tax refunds to all taxpayers

C. the federal government increasing its regulation of banks

D. the federal government spending more money to build more infrastructures

E. the federal government beginning to close failing banks.

rosehorse313

According to the information collected by the censuses, in 2013 about 14.5% of the families of the United States of America were poor (USA Census Bureau, 2014). Suppose someone comes up with the idea of asking the government to produce more money and for the new money to be distributed among families living in poverty. The person who came up with the "bright idea" asks you a series of questions: Which government institution can make more money? How do you produce it? Why did this idea not come to anyone before? Do you agree that this is a good idea? Why or why not?

ECON 104 Study Guide - Final Guide: Nancy Folbre

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