--%>
Assignment Help - homework help

Super committee failure

Question: Some commentators have argued that the failure of the "Super committee" is good thing for the economy?  Do you agree?

Answer:

The Super committee failure means that there will not be premature spending cuts. The economy is still in the state of uncertainty and the spending cuts may further dent the recovery prospects. Furthermore, a scope for raising the taxes moderately is there. A tax increase is definitely something the government can look forward to reduce the fiscal deficit rather than reducing the expenditure. So the main is that the economy does not seem to be in a state to take a risk of reduced spending and high taxes, and this is what comes out of the failure of the Super Committee.

 

 

 

 

   Related Questions in Business Economics

  • Q : State of good or service at last unit

    Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.

    		•
  • Q : Negatively association to probability

    Adam Smith would have agreed mostly along with the concept which wages are: (i) positively associated to physical comfort when working. (ii) negatively related to the cost of learning the business. (iii) positively associated to the s

    		•
  • Q : Writ short note on the income of

    Writ short note on the income of functional distribution?

    		•
  • Q : Technological advances in producing

    When given resources can now produce additional goods than was previously probable, then there have been a: (1) Stock market boom. (2) Competitive spurt which shrinks entrepreneurial gain. (3) Concavity reversal in the production possibilities frontier. (4) Bigger rel

    		•
  • Q : Explain the term Operating Leverage

    Briefly explain the term Operating Leverage?

    		•
  • Q : Who define economics as a subset of

    Economists who viewed economics like a subset of jurisprudence combined: (1) John Stuart Mill. (2) Alfred Marshall. (3) Karl Marx. (4) William Stanley Jevons. (5) Adam Smith. Hey friends please give your opinion fo

    		•
  • Q : Define Benefit Cost Ratio or

    Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?

    		•
  • Q : Elucidate reallocation of Government

    Elucidate reallocation of Government resources?

    		•
  • Q : Government expenditures on goods and

    Explain Government expenditures on goods and services and transfer payments?

    		•
  • Q : Society material wants are scarce

    Explain the foundation of economics where society’s material wants are scarce resources?

    		•