Dedicates "The Treatment and Cures Accessibility and Affordability Working Group" experts to dramatically expand access to clinical trials and new therapies, make treatments and cures more affordable for Californians, and provide patients, their families, and caregivers with financial assistance. Researchers Use Stem Cells to Study and Treat Many Diseases. Which of the following is one of the basic reasons why economists often appear to give conflicting advice to policymakers? This may not be resold, copied, or distributed without the prior consent of the publisher. A tax cut is likely to, Of the following choices, the one most likely to be preferred by supply-side economists would be: A. increased government spending. Explain the recent proposals of an explicit balanced budget amendment in relation with PAYGO. 1. The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. $100 billion decrease in taxation C. $100 billion increase in government spending D. $100 billion decrease, According to traditional Keynesian analysis, which of the following will increase aggregate demand the most? Cost: \ An end to arms races. The United States should withdraw from the North American Free Trade Agreement (NAFTA) is not one of those fourteen propositions agreed upon by three-fourths of professional economists. A. HUGE COSTS. 36. housing available. An increase in governme, Which of the following policies best describes supply-side fiscal policy? A contractionary monetary policy. Choose all that apply a. restrictive fiscal policy b. an economic recession c. an economic expansion d. expansionary fiscal policy. a. Which of the following is an example of a positive, as opposed to normative, statement? Do you agree or disagree with this statemen. A. changes in spending on unemployment compensation B. a tax cut approved by Congress C. changes in defense spending D. a tariff imposed on imports. In California, most people's idea of the most liberal state in the entire US? b. Which of the following is not one of those propositions? The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush.It became law as part of Public Law 110-343 on October 3, 2008, in the midst of the financial crisis of 2007-2008.It created the $700 billion Troubled Asset . The United States should eliminate agricultural subsidies.d. Which of the following is not one of those propositions? Fiscal policy has a significant stimulative impact on a less than fully employed economy. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. a. Grants Have Funded Several Purposes. If Steven's income decreases and, as a result, he chooses to buy fewer bagels per month at each price, then his demand curve will. The slope of a steep upward-sloping line will be a, 41. Housing personnel wages\ a) Automatic stabilizers are used to stimulate aggregate demand, whereas discretionary fiscal policy is used to stimulate aggregate supply. Which of the following is an example of a positive, as opposed to normative, statement? B)the respondents favored the propositions by a slight margin. The gap between Social Security funds and expenditures will 14. According to CIRM, around $30 million remains available for grants. Which Of The Following Is Not One Of Those Propositions? Other Possible Fiscal Effects. The amount of revenue from new inventions that would be available to the state for helping to cover costs for patients regenerative medicine treatments is uncertain. Instructor salaries\ Researchers engaged in regenerative medicine are focused on addressing many diseases, including Alzheimers disease, HIV/AIDS, stroke, diabetes, and cancer. All of the above are correct. economic propositions on each survey instrument allow conclusions regarding shifts in consensus among economists over time. Do you agree or disagree? As is typically the case with these kinds of bonds, the state has made most debt payments from the General Fundthe states main operating account, which pays for education, prisons, health care, and other public services. A duty of economists at the Department of Labor is to, 45. Which of the following could cause a decrease in the budget deficit? The measure also created the California Institute for Regenerative Medicine (CIRM), primarily for the purpose of providing grants to universities and other entities in California to support stem cell research, development of new treatments, clinical trials, new research facilities, and other related activities. Economists generally believe that permanent tax cuts will stimulate the economy and lead to higher output, and disagree about why this happens. Total Estimated State Costs of $7.8 Billion. The passage of Proposition 58, which presented multilingual education as key to students' future economic success without every using the word bilingual, lifted the previous restrictions on bilingual education programs and increased the demand for programs and bilingual teachers. Consumption spending b, Which of the following policies will definitely increase the budget deficit while achieving greater fiscal stimulus? d. increases i, The composite index of leading indicators turns downward for three consecutive months. similar opinions about the validity of economic theories. Which of the following is not one of those propositions? C. the Department of the Treasury. Which of the following is not one of those propositions? 8. In trying to explain the world, economists are scientists; in trying to improve the world, they are policy advisers. propositions? 6. Become a Study.com member to unlock this answer! Answer: Unlock to view answer. A ceiling on rents reduces the quantity and quality of housing available. b. reviewing statistical forecasts. A. A. thinking at the margin B. isolating variables C. she's mak, Suppose that the economy is in the midst of a recession. A relatively steep demand curve indicates that, 44. 1. | Cash disbursements | | | | A. b. have no effect on tax revenues. Choices are influenced by incentives, the rewards that encourage and the punishments that discourage actions. a. d. Sometimes can lead to a larger budget, Which of the following statements best represents the opinion of many economists regarding the impact that changes in tax laws have had on recent changes in income inequality in the United States? State costs would average about $260 million per year for about 30 years. (a) higher unemployment (b) larger deficit budgetary (c) More jobs (d) Levels higher prices, Congress' Economic Council recommends additional government spending to stimulate the aggregate demand. It plans to maintain some staff for the next few years as remaining projects are completed. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. a. Counties will begin mailing vote-by-mail ballots. C. The United States should implement universal health care for its citizens. a. c. shifts the aggregate supply curve to the right. Economists generally agree that the most important tax in the U.S. economy is the A) investment tax. B. The institute currently employs 35 full-time staff, down from its peak of over 50 full-time staff. Beginning January 1, 2026, the state would no longer use funds from bond sales to make interest payments. a. Expansionary fiscal policy is designed to control aggregate demand using increases of taxes and cuts in government spending. As you can see from reading the ballot argument above, proponents are attempting to minimize the cost of this initiative. B. 2003-2023 Chegg Inc. All rights reserved. One way to characterize the difference between positive statements and normative statements is as follows: 11. c. Advocates for contractionary policies in overheated economies. b. b. b) increase taxes. A relatively flat demand curve indicates that, 45. Why? 1/4 Often, it takes a long while until the innovation's value proposition is sufficiently understood. The President and Congress control the inter, Whether an economist argues in favor of a rise in government spending or a cut in taxes (as an expansionary fiscal policy measure) could have something to do with how he views the current size and scope of government in relationship to his optimal size an, Whether an economist argues in favor of a rise in government spending (as an expansionary fiscal policy measure) could have something to do with the degree of crowding out they expect as a result of the measure. VOTE YES ON 14. propositions? Which of the following government agencies employs economists outside of the administrative branch? Authorizes New Bonds for Stem Cell Activities. a. increased government spending b. a balanced-budget reduction in both spending and taxes c. an expansion in the money supply d. higher taxes, According to traditional Keynesian analysis, which of the following will increase aggregate demand the most? a. a tax increase on consumer income b. a surge in military spending c. a reduction in taxes for businesses that inc, What are politicians more likely to prefer: expansionary fiscal policy or contractionary fiscal policy? Get access to this video and our entire Q&A library, What is Economics? Which of the following scenarios represent expansionary fiscal policies from both, There is no agreement among the economists as to whether a government should or should not use active fiscal policy to alleviate the effects of an economic shock. B. The y-coordinate of an ordered pair specifies the, 12. 10 A Survey Of Professional Economists Revealed That More Than Three-fourths Of Them Agreed With Fourteen Economic Propositions. A qu se refiere? Which of the following is not one of those The University of Michigan was founded on the 26 of August, 1817, as the Catholepistemiad, or the Catholcpistemiad Michigania, under an act of the Territory of Michigan.The corporate existence of the university had its rise in the Act of 1817, and has been continuous throughout all subsequent changes of its organic law. They voted to REJECT worker's rights in the gig economy. Proposition 14 was written in the middle of the night and . Independent experts and news outlets have questioned the management and transparency record of the state bureaucracy that would spend the billions authorized by Prop. Which of the following policies would you choose? Visit Ballotpedia for summary data from recent polls and links to the complete published polls. -favored by economists over taxes, but not over any other appr, Select all of the following that pertains to fiscal policy. $$ 14 are asking for. b. markets sometimes fail to produce an efficient allocation of resources. The proposition sets aside at least $1.5 billion specifically to research and develop treatments for diseases . A mother blinded by a genetic disease is regaining her eyesight. | Ending cash balance | | | | A contractionary monetary policy b. . We simply cannot afford the $5 billion that proponents of Prop. Initiative Statute. Researchers are interested in stem cells for their potential to regenerate cells, tissues, and organs, thereby potentially helping to treat or cure certain diseases. Despite the importance of the logistics sector to the South African economy and the significant negative impact of the sector on South African society, little research has been conducted to determine the extent to which South African logistics companies report their social sustainability and the effectiveness of their social sustainability reporting. Bridging technology to real-world business needs in both Department of Defense RF solutions & commercial telecom sectors for 20+ years, overseeing strategy, products, people, and technology . The cost of a choice is the value of the next-best alternative foregone, measurable in time or money or some alternative activity given up. Decrease government spe. The United States should eliminate agricultural subsidies. than fully employed economy. An economy's production of two goods is efficient if. The economy is highly volatile and unstable. Effects Of Woodrow Wilson's Fourteen Points. 3) may increase tax revenues. d. prescriptive, making a claim about how the world ought to be. d. the multiplier effect of fiscal policy. Our economy is in crisis. a. ESG=lower returns. Currently, there are 1.3 million English Learners (EL) in California public schools (CDE 2018). A congressional proposal to incur a federal surplus to be used for the retirement of public debt. Correctd. b. the respondents favored the propositions by a slight margin. a. generating data. Fiscal policy has a significant stimulative impact on a less than fully employed economy. Economists speaking like policy advisers make, 15. The measure also established (1) a governing board to adopt CIRM policies and allocate grant funds, (2) three advisory working groups to help guide the governing board on certain matters, and (3) an independent oversight committee to review CIRMs finances. d. conducting controlled experiments in a lab. A. Economic free trade on the seas during war and peace 3. When two variables have a positive correlation. C. lower taxes on household income. You know an economist has crossed the line from policy adviser to scientist when he or she, 22. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. The objectives of this study were to . The cost to repay the bonds authorized by this proposition depends on various factors, such as the interest rates on the bonds and the time period over which they are repaid. Which of the following is not correct? Measure Allowed State to Issue General Obligation Bonds. - Of the 22,200 units completed, 3,000 were from beginning goods in process. The point where both x and y are zero is known as the. The proposition limits the amount of bonds the state could sell to $540 million per year, thereby spreading out bond sales over at least 11 years. c. Local and state governments should eliminate subsidies to professional sports franchises. Authorizes Bonds to Continue Funding Stem Cell and Other Medical Research. 32. a. a $40 billion increase in taxes b. a $10 billion increase in taxes and a $30 billion cut in government spending c. a $20 billion increase in taxes and a $20 billion cut in g, Economist A believes that a reduction in tax rates will lead to increased tax revenue, and economist B believes that a reduction in tax rates will not lead to increased tax revenue. C)the respondents disagreed with the propositions by a slight margin. ECONOMIC JOB RECOVERY STIMULUSPROVEN HISTORY. c. A budgetary referendum process where, Which of the following is true concerning contractionary fiscal policy? The Center for Society and Genetics in Berkeley has concluded that none of the flaws in the original stem cell initiative have been addressed in Prop. 7. People respond to incentives in predictable ways. Thinking Like an Economist379. Does your answer suggest a difficulty for implementing a consistent counter-cyclical fiscal poli, The President receives economic policy advice from economists at each of the following except: A. the Department of Labor. @WVTreasury @RileyMooreWV Says W. Virginia . Activity Base: Number of students living on campus Which of the following is not one of those propositions? A tax increase on consumer income. Explain. Increasing taxes to finance increased government expendi, A Keynesian economist would be most likely to agree with which of the following statements? a. Also, a significant amount of time typically passes from starting a research project to licensing or selling an associated invention. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. A decrease in government transfer payments. A demand curve shows the relationship, 29. Reduced tax rates wi. A tax reduction can be used as an expansionary fiscal policy tool to expand the economy. 15. www.YESon14.com, American Diabetes AssociationLos Angeles, Department of Medicine, Stanford University. Policies such as rent control and trade barriers persist. A) increase federal spending, Some economists think the government should help fund local sports stadiums while other economists think the government should leave the funding up to the private sector. Bundesrztekammer. | Cash receipts | | | | The president of the United States receives tax policy advice from economists in the, 43. Advocates expansionary policies in recessions. 8. 14. Proposition 71 allowed the state to sell $3 billion in general obligation bonds, which are a form of borrowing. The bonds primarily would fund additional grants to support research and the development of treatments (including clinical trials) for many diseases. b. always decreases government tax revenue. Chronic diseases, conditions and injuries are cutting lives short, and costing Californians billions in healthcare costs. When an economist evaluates a positive statement, he or she is primarily. The National Institute of Health provides $1.5 billion a year in grants to fund the same type of research. Which of the following is not one of those propositions? Write in points., Definition of term meditation and lavender scent by authors, How health and safety legislation effects customer delivery, descibe three problem solving strategies that teenagers may apply to overcome obstacles that may hinder attainment of their academic goals. d. The United States should not restrict employers from outsourcing work to foreign countries. three-fourths of them agreed with fourteen economic propositions. Which of the following is an example of a normative, as opposed to positive, statement? b. c. tax cuts during both recession and inflation. b. marginal propensity to consume. copyright 2003-2023 Homework.Study.com. A YES vote on this measure means:The state could sell$5.5 billion in general obligation bonds primarilyfor stem cell research andthe development of newmedical treatments in California. Fiscal policy has a significant stimulative impact on a less than fully employed economy. 2) have no effect on tax revenues. 8. Opponents of Proposition 14 argue that the measure would commit $7.8 billion we cannot afford during this economic and budgetary crisis to fund a state agency with management challenges and poor results . There are no State bond payments during the first five years; and, supporting California's Stem Cell program will only cost the State an average of less than $5 per person annually. Which of the following might this person advocate to implement the fiscal policy? The tax cut is passed by Parliament. I want to know your opinion on the is, Refer to the figure below. A balanced-budget amendment stipulating that Congress cannot spend more than total tax revenues. What are politicians more likely to prefer: expansionary fiscal policy or contractionary fiscal policy? California Choices | Telephone: 415 957 0202 | Email: info [at] californiachoices.org, 2022California Choices | Terms of Use | Privacy | Copyright | Sitemap, Bond to Fund Stem Cell Research Institute. John Maynard Keynes believed the ideas of economists to be. | Credit purchases | 148,900 | 169,300 | 200,300 | | Purchases | | | | In March 2015, credit sales were$235,000 and credit purchases were $161,300. Increased government spending b. In January 1918 (a few months before the end of the war), the president of the United States, Woodrow Wilson, presented his Fourteen Points to the Congress. | Beginning cash balance |$135,000 | | | Adriana Padilla, Fresno. The net fiscal impact of the indirect effects of this proposition is unknown. 4) always increase budget deficits. c. Increasing T and decreasing G in an overheated economy. d. The United States should withdraw from the North American Free Trade Agreement (NAFTA). For the first five years after the proposition is approved, the state would make interest payments using funds from the bond sales, thereby reducing the amount of bond funding available for research projects. And that's on top of the nearly $3 billion this troubled state agency has spent over the past 15 yearswith poor results. Additionally, inclu, Supply-side economists believe that a reduction in the personal income tax rate: a. provides no incentive for people to work more. In the case of efficiency, discuss the type of market failure involved. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. B) disagree about the validity of a . When economists make normative statements, they are, 21. The slope of a fairly flat upward-sloping line will be a, 40. c. planned budget surplus. Increase government spending with a matching decrease in taxes. b.
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