More challenging for Sharaa and his interim government will be how to address a bloated public sector. Under Assad, mismanagement and corruption produced payrolls padded with overstaffing and even “ghost employees,” who took salaries but did not work. Those passages help show the current state ...
While these policies help some familiesescape poverty, they also have unintended side effects.Because financial assistance declines as income rises,the poor often face very high effective marginal taxrates, which discourage poor families from escapingpoverty on their own. Key Concepts poverty rate, p...
Countries which used to earn valuable income from overseas due to their remote workers in fields such as software development, financial analysis, and help desks, will find that the same tasks can now be performed better by AI systems, removing the demand for offshore personnel and temporary wor...
there are trade-offs between different and equally valuable goods. Failure is often a result of not striking the right balance, whether it’s in the sphere of the state or markets. Getting it right requires an understanding of economics, a discipline that can help us achieve the common good...
27. The public debt is the sum of all of the previous A. expenditures of the federal government. B. budget deficits of the federal government. C. budget deficits less the budget surpluses of the federal government. D. budget surpluses less the budget deficits of the federal government. ...
oversightmerit goodsThis paper has three aims: Firstly, it aims to show that the language of markets can help to frame arguments about how effectively public services are achievingdoi:10.2139/ssrn.2538532Dassiou, XeniLangham, PeterNancarrow, Charles...
7.Explain how a production possibility curve with increasing opportunity costs illustrates the consequences of a government’s choice to produce more military goods. Use a diagram to support your answer. 8.(a)Explain with the help of a diagram why production possibility curves are usually drawn wi...
Collective action solutions:While the government may have the upper hand in developing legislative, tax, or regulatory solutions, private collective action can also help solve the market failure. Parties can privately agree to limit consumption and enforce rules among themselves to overcome the market ...
Applications examined in the journal include the internal organization of firms, corporate governance, the private provision of public goods, local public policies, relations across levels of government, public expenditure and regulation, and problems of credibility and enforcement of international agreements...
they have to engage in interpersonal utility comparisons. To draw on a previous example, one would have to deduce that minimum wage laws would help low-skill workers more than they would hurt employers (and, potentially, certain workers who might lose their jobs). ...