Consumption spending b, Which of the following policies will definitely increase the budget deficit while achieving greater fiscal stimulus? Private investors and companies, including many in California, have made great strides in using stem cells to cure diseasesusing private funds, not tax dollars. Which of the following could cause a decrease in the budget deficit? a. greater government expenditure and lower taxes b. greater government expenditure and higher taxes c. lower government expenditure and l, Supply-side economics: a. The government should pass a Balanced Budget Amendment to the Constitution. An economist who favored expanded government would recommend: a. tax cuts during recession and tax increases during inflation. - $100 billion increase in taxation - $100 billion decrease in taxation - $100 billion increase in government spending - $100 billion decrease. c. Prices and wages are highly flexible and quick to adjust. A)The United States should not restrict employers from outsourcing work to foreign countries.B)The United States should withdraw from the North American Free Trade Agreement (NAFTA).C)The United States should eliminate agricultural subsidies.D)Local and state governments should eliminate subsidies to professional sports franchises. The United States should eliminate agricultural subsidies. A. VOTE YES ON 14. * A survey which sought the opinion of professional economists on fourteen propositions about economic policy found that a. the respondents were almost equally divided on the propositions. b. a. TOPICS: Economic thinking KEYWORDS: BLOOM'S: Comprehension CUSTOM ID: 011.02 - MC - MANK. 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 after $3 billion already spent. Reduced tax rates wi. The use of the coordinate system allows, 5. a. Proposition 14 would authorize $5.5 billion general obligation bonds for the state's stem cell research institute and making changes to the . https://edition.cnn.com/2020/11 . Which of the following instances best reflects this source of disagreement? Fiscal policy has a significant stimulative impact on a less than fully employed . A survey which sought the opinion of professional economists on fourteen propositions about economic policy found that a. the respondents were almost equally divided on the propositions. d. always increases governm, Which of the following fiscal policy changes would be the most contractionary? Further, any invention-related revenue that is deposited into the General Fund would be used to help pay for patients regenerative medicine treatments. In the early 19th century, the Russian government sent doctors to southern Russian villages to provide assistance during a cholera epidemic. 32. Click here to create an account and save your votes. a. A tax reduction can be used as an expansionary fiscal policy tool to expand the economy. A contractionary fiscal policy c. An expansionary fiscal policy d. Which of the following policy according to Keynes is best suited to stimulate an economy that is experiencing a downturn is the business cycle? 31. 48. Almost all economists agree that tariffs and import quotas. But on matters of rational deliberation, the value of an opinion is determined by the knowledge and evidence on which it is based. FTE lessons and activities are searchable by E.R.P. - Beginning goods in process consisted of 3,000 units that were 100% complete with respect to direct materials and 40% complete with respect to direct labor and overhead. Which of the following is an example of a normative, as opposed to positive, statement? Microeconomics is the study of. (a) Government policies do not affect economic activity (b) Government can implement policy proposals that can positively impact the economy (c) Most government po, Which of the following economists suggested tax on expenditure ? When economists are trying to help improve the world, they are. Paying back Prop.14's costs of $7.8 billion could mean huge tax increasesat a time when our economy is on its knees. ** Prepare the journal entry dated October 31 to transfer the cost of completed units to finished goods inventory. d. conducting controlled experiments in a lab. As of June 2020, CIRM had spent most of its Proposition 71 funds. A relatively steep demand curve indicates that, 44. Someone advocates using fiscal policy to stimulate the economy and reduce unemployment. When an economist evaluates a positive statement, he or she is primarily. Which Of The Following Is Not One Of Those Propositions? a. b. d. planned aggregate spending. : 11 The seven-syllable Catholepistemiad was a mish-mash of Latin and . Gift this article. Ans-C. The states share of the income is deposited into the General Fund and may be used to support any state program. Which of the following policies would economists consider to be actions that a DVC government might take that would improve growth prospects? Which of the following is not one of those propositions? They argue it builds on 2,900 medical discoveries; increases patient access and affordability; stimulates California's economy; and ensures strict accountability. Fiscal policy has a significant stimulative impact on a less than fully employed economy. B. the united states should not restrict employers from outsourcing work to foreign countries Fiscal Impact: Would increase state costs to repay bonds, estimated at about $260 million per year over the next 30 years for a total estimated cost of $7.8 billion including interest. What kind of claims are th, Lower tax rates provide positive work incentives causing the aggregate supply curve to shift right is a policy supported by: a. classical economists. (The institute would be allowed up to 70 full-time employees for other operational purposes.) When price changes, there will be a, 28. a. $$ All of the above are correct. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process. c. may increase tax revenues. They voted to REJECT worker's rights in the gig economy. The state began receiving income from CIRM-funded inventions in 2017. b. always decreases government tax revenue. Who made this whimsical observation? John Maynard Keynes believed the ideas of economists to be. The nation's antitrust laws are enforced by economists at the Department of. The slope of a fairly flat upward-sloping line will be a, To display information on two variables, an economist must use. A tax cut, b. three-fourths of them agreed with fourteen economic propositions. Why? Economics from differing schools of thought usually have conflicting ideas on economic propositions, principals, and therefore differ on how to handle policy and decision making. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. Group of answer choices: a. become unsustainably large within the next fifty years if current three-fourths of them agreed with fourteen economic propositions. B. As you can see from reading the ballot argument above, proponents are attempting to minimize the cost of this initiative. B. Initiative Statute. 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. School supplies\ |  Total cash available | | | | Which of the following isnotone of those propositions?a. Which of the following statements is correct about the extent of disagreement among economists? b. 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. Advocates expansionary policies in recessions. Which of the following is not an example of a positive, as opposed to normative, statement? Which of the following is an example of a positive, as opposed to normative, statement? Decrease armaments among all nations 5. A "yes" vote supported issuing $5.5 billion in general obligation bonds for . For some types of grants, CIRM would be required to ensure grant recipients are located across the state and prioritize applicants that offer matching funds. The council appears to follow (a) the neoclassical approach to fiscal policy. c. the respondents disagreed with the propositions by a slight margin. Californias original Stem Cell funding, which runs out this year, has already led to significant progress in the development of treatments and cures, including 92 FDAapproved clinical trials for chronic disease and injuries, over 2,900 medical discoveries, and demonstrated benefits for patients and research on chronic diseases including: Cancer, Diabetes, Heart Conditions, Blindness, HIV/AIDS, ALS, Children with Immune Deficiencies, Paralysis, and Kidney Disease. [Read more about what's on this year's statewide ballot.] Higher taxes c. A balanced-budget reduction in both spending and taxes d. An expansion in the money sup, The economy is in a recession. |  Purchases | | | | Sometimes economists disagree because their scientific judgments differ. The president of the United States receives tax policy advice from economists in the, 43. In the ordered pair (17, 75), 75 is the, 15. Economists at the Department of the Treasury, 42. Answer: Unlock to view answer. It's an obvious attemptafter spending billions on other prioritiesto mislead voters in the middle of this pandemic. A survey which sought the opinion of professional economists on fourteen propositions about economic policy found that A)the respondents were almost equally divided on the propositions. Opponents ignore years of the funding institutes progress, including over 2,900 medical discoveries and 92 FDAApproved Clinical Trials, and high marks from the Citizens Financial Accountability Oversight Committee, Chaired by Californias Controller. Policies such as rent control and trade barriers persist in spite of the fact that economists are virtually united in their opposition to such policies, probably because, 14. 12. 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. 27. Some, but not all, government economists are employed within the administrative branch of government. $2$. its citizens. c. the respondents disagreed with the propositions by a slight margin. www.YESon14.com, American Diabetes AssociationLos Angeles, Department of Medicine, Stanford University. The villagers noticed that wherever doctors appeared, people died. Fiscal policy has a significant stimulative impact on a less than fully . A decrease in government purchases c. A decrease in transfer payments d. A stimulus package that will incre, When they are determining an appropriate congestion tax, economists would use which of the following elements of economic way of thinking? Authorizes Bonds to Continue Funding Stem Cell and Other Medical Research. a. higher taxes b. increased government spending c. a balanced-budget reduction in both spending and taxes d. an expansion in the money supply, Which of the following would be considered a discretionary fiscal policy? It plans to maintain some staff for the next few years as remaining projects are completed. This would be an example of. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. for it. In addition to advising the president, one duty of the Council of Economic Advisors is to, 41. $$, *Find the area bounded by the graphs of the indicated equations over the given interval. "Prices rise when the quantity of money rises rapidly" is an example of a. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. b. $5$. The gap between Social Security funds and expenditures will A. | | April | May | June | Policies such as rent control and trade barriers persist. These are usually taught in beginners economics courses. | Ending cash balance | | | | | Credit sales | $374,400 |$349,500 | $420,500 | | Cash disbursements | | | | A tax increase on consumer income. 14 are asking for. Additionally, inclu, Supply-side economists believe that a reduction in the personal income tax rate: a. provides no incentive for people to work more. The remaining 19,200 were units started and completed during October. When two variables move in the same direction, the curve relating them is. All Rights Reserved. Only a few federally approved therapies have resulted. 14. Past revenue collections, however, might not accurately predict future revenue. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. A balanced-budget amendment stipulating that Congress cannot spend more than total tax revenues. 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. B. the Congressional Budget office. Answers: a. markets sometimes fail to produce a fair distribution of economic well-being. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. c. the respondents disagreed with the propositions by a slight margin . Authorizes Bonds to Continue Funding Stem Cell and Other Medical Research. copyright 2003-2023 Homework.Study.com. 9. b. the money supply. The slope of a fairly flat upward-sloping line will be a, 40. The E.R.P.s provide insight on how economists view the world and they give students a framework through which they can view the world through an economic lens. Or laying off thousands of nurses and other heroes who do the real work of keeping California healthy. California Proposition 14, Stem Cell Research Institute Bond Initiative (2020) California Proposition 14, the Stem Cell Research Institute Bond Initiative, was on the ballot in California as an initiated state statute on November 3, 2020. Cost: \ **1. A new advisory working group of experts would support CIRMs governing board in these matters. A survey which sought the opinion of professional economists on fourteen propositions about economic policy found that a. the respondents were almost equally divided on the propositions. FDA-approved treatments for two types of fatal blood cancers. Currently, there are 1.3 million English Learners (EL) in California public schools (CDE 2018). 26. c. Adriana Padilla, Fresno. 30. |  Interest | 12,580 | 12,580 | 12,580 | Graphs such as bar graphs and pie charts are limited in that they, 4. If the economy is in a recession and prices are relatively stable, then the discretionary fiscal policy or policies that would most likely be recommended to. As it nears the end of its funding, CIRM has been decreasing its staffing. Looking at where our economy is right now, would you be in favor of more government expansionary fiscal policy or contractionary fiscal policy?