Question: Many states have constitutional requirements that their budgets be in
Many states have constitutional requirements that their budgets be in balance (or in surplus) in any given year, but this is not true for the U.S. federal government. Why might it make sense to allow for deficits in some years and surpluses in others?
Answer to relevant QuestionsProper hygiene, such as regular hand-washing, can greatly limit the spread of many diseases. How might this suggest a role for public interventions? What kinds of public interventions might be possible? Suggest three ...Explain why a consumer’s optimal choice is the point at which her budget constraint is tangent to an indifference curve. Governments offer both cash assistance and in-kind benefits, such as payments that must be spent on food or housing. Will recipients be indifferent between receiving cash versus in-kind benefits with the same monetary ...Why is a randomized trial the “gold standard” for solving the identification problem? We say that a variable is cyclical if it increases with economic booms and declines with economic recessions. We say that a variable is countercyclical if the opposite is true. Which elements of the U.S. federal budget are ...
Post your question