How have the major federal laws to promote balanced budgets lost their effectiveness over time?
Answer to relevant QuestionsSuggest one way in which generational imbalances might be understated and one way in which they might be overstated. A government is considering paving a highway with a newly developed “wear-proof “material. Paving the highway would cost $2 billion today, but it would save $300 million in maintenance costs for each of the next 10 ...How might large federal deficits affect future economic growth? How would your answer change if foreign confidence in the ability of the United States to repay its debts erodes? In two-car automobile accidents, passengers in the larger vehicle are significantly more likely to survive than are passengers in the smaller vehicle. In fact, death probabilities are decreasing in the size of the vehicle ...Firms A and B each produce 80 units of pollution. The federal government wants to reduce pollution levels. The marginal costs associated with pollution reduction are MCA = 50 + 3QA for firm A and MCB = 20 + 6QB for firm B, ...
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