Explain the about Fiscal Policy
Explain the about Fiscal Policy.
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Fiscal Policy:
It means the variation in taxation and public expenditure programmed through the government to achieve exact objectives. Taxation assists to withdraw cash by the public. A raise in tax results in reduction of private disposable income. Taxes must be reduced during the depression will stimulate private sector. During boom period’s public expenditure must be curtailed, therefore cash flow can be decreased.
The fiscal policy of the government to regulate purchasing power to control business cycle is termed as counter the cyclical fiscal policy. Counter-cyclical fiscal policy within the boom period means a reduction in the public expenditure and a surplus budget and heavy taxes. The budget surplus can be used to eliminate earlier deficits. This means an increase in public expenditure, reduction within taxation and deficit budgeting throughout the depression. The monetary policy proves more effectual to control boom than to depression. An appropriate mix of fiscal and monetary policy will be more fruitful within the control of business cycles.
If workers accept lower wages in exchange for employer assurances of enhanced job security, employment agreements are illustrations of: (i) credentialism. (ii) comparable worth. (iii) specific training. (iv) an implicit labor contract. (v) human capital.
As is given figure below. Assume that the prevailing price is P1 and the firm is now producing its loss-minimizing quantity. Determine the area which shows the loss: w) P2deP1. x) P3cbP1. y) P3caP0
Screening refers to: (w) employers examining the qualifications of a potential employee before hiring. (x) applicants acquiring additional schooling in order to attain a certain job. (y) employers hiring only people of a certain race or sex. (z) applicants learning as
Illustrates the factors governing prices and pricing decision in briefly?
Explain the cost concepts briefly.
The demand curve for labor can be demonstrated as a negative relationship between: (w) the quantity of labor demanded and the wage rate. (x) labor productivity and the quantity of labor used. (y) employment and output. (z) wages and GDP.
A cartel is: (a) an oligopoly model which relies on interdependence. (b) an organization of oligopolist firms behaving like a monopoly. (c) an organization of firms that jointly make decisions. (d) All of the above. Q : Elasticity of Demand for Labor The The elasticity of demand for labor is directly associated to: (w) labor’s share of total costs. (x) the elasticity of demand for output. (y) the ease of substitution between labor and other resources. (z) All of the above. Q : Extra revenue from the extra output Extra revenue by the extra output produced from an additional unit of a resource is the marginal resource: (1) profit to the firm. (2) revenue product. (3) iso-utility curve. (4) resource cost. (5) productive value. Q : Elasticity of demand for labor between The arc elasticity of Plastibristle’s demand for labor in between point c and point d is approximately: (1) 0.375. (3) 0.545. (4) 0.833. (4) 1.200 (5) 2.000. Discover Q & A Leading Solution Library Avail More Than 1457994 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959191 Asked 3,689 Active Tutors 1457994 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
The elasticity of demand for labor is directly associated to: (w) labor’s share of total costs. (x) the elasticity of demand for output. (y) the ease of substitution between labor and other resources. (z) All of the above. Q : Extra revenue from the extra output Extra revenue by the extra output produced from an additional unit of a resource is the marginal resource: (1) profit to the firm. (2) revenue product. (3) iso-utility curve. (4) resource cost. (5) productive value. Q : Elasticity of demand for labor between The arc elasticity of Plastibristle’s demand for labor in between point c and point d is approximately: (1) 0.375. (3) 0.545. (4) 0.833. (4) 1.200 (5) 2.000. Discover Q & A Leading Solution Library Avail More Than 1457994 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959191 Asked 3,689 Active Tutors 1457994 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Extra revenue by the extra output produced from an additional unit of a resource is the marginal resource: (1) profit to the firm. (2) revenue product. (3) iso-utility curve. (4) resource cost. (5) productive value. Q : Elasticity of demand for labor between The arc elasticity of Plastibristle’s demand for labor in between point c and point d is approximately: (1) 0.375. (3) 0.545. (4) 0.833. (4) 1.200 (5) 2.000. Discover Q & A Leading Solution Library Avail More Than 1457994 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959191 Asked 3,689 Active Tutors 1457994 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
The arc elasticity of Plastibristle’s demand for labor in between point c and point d is approximately: (1) 0.375. (3) 0.545. (4) 0.833. (4) 1.200 (5) 2.000. Discover Q & A Leading Solution Library Avail More Than 1457994 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959191 Asked 3,689 Active Tutors 1457994 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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