Consider two policies: 1) The government re-quires everyone to buy a standard health insurance policy that costs $ 5,000; 2) the government taxes everyone $ 5,000, but cuts taxes by $ 5,000 for anyone who buys the standard health insurance policy. Do these policies have different effects on the size of government?
Answer to relevant QuestionsFrom 1981 to 1985, the US federal government increased defense spending from $ 157.5 billion to $ 252.7 billion per year, while over the same period Gross Domestic Product rose from $ 3.127 trillion to $ 4.218 trillion. From ...A researcher conducts a cross- sectional analysis of workers and finds a positive correlation between time spent on a computer at work and wages. The researcher concludes that computer use increases wages and advocates a ...In his commencement address at Wesleyan Uni-versity in 2008, then- Senator Barack Obama told the students that “our individual salvation depends on collective salvation.” Is this view consistent with the social welfare ...[This problem is for readers who know some calculus.] Suppose that there are only two people in society, Mark and Judy, who must split a fixed amount of income of $ 300. Mark’s utility function is UM and his income is IM . ...Several years ago, some citizens of the town of Manchester, Vermont, decided to launch a school fund- raising campaign. A private group of citizens decided how much every household and business should contribute, and there ...
Post your question