what is budget line in case of micro economics theory?
Q. what is budget line in case of micro economics theory?
Asked by Jebril - Tue Jun 1 16:29:46 2010 - - 1 Answers - 0 Comments

A. the budget line is the total amount of money a consumer is has to spend on 2 goods. This line looks exactly like a supply curve. The price of the goods and the income of the consumer are the constraints that limit the consumer from buying how much he really wants. He has to decide on the correct combination of the goods to buy and this would happen where the budget line is tangent to the indifference curve.
Answered by Ryan - Wed Jun 2 10:17:18 2010

May be Bush and His Repub Friends Theory of Cut Tax and Balance The Budget Does Not Work?
Q. Are You Guys Sure?
Asked by Shary - Thu Mar 27 19:26:03 2008 - - 9 Answers - 0 Comments

A. If you think Bush and his cronies are know-nothings about the economy, batten down the hatches if McCain is elected in November. This flip-flopper on tax cuts (now he's in favor of cuts for the wealthiest 1% after voting against them twice) has openly admitted that he knows very little about the economy. That's all we need after a three trillion dollar war, fuel prices through the roof, health care costs skyrocketing, the housing crisis, etc. (By the way, these issues are all related to the exhorbitent cost of Iraq.) Please read Joseph Stiglitz new book, or check out the array of articles about the real cost of Bush's War:
Answered by Jen - Thu Mar 27 20:50:09 2008

Does trade deficit influence budget deficits at all?
Q. I understand that classical theory argues that budget deficit leads to higher interest rate, which can lead to trade deficit. But how about the other side? Does trade deficit influence budget deficit at all?
Asked by XX - Tue May 27 18:35:52 2008 - - 1 Answers - 0 Comments

A. Yes, because when you have a trade deficit on long term... it means that you let more currency go out than currency income. Those one cost more cause of tax raised by the foreign country.
Answered by pY ? - Tue May 27 20:13:37 2008

When did the USA begin to have its current chronic infatuation with huge budget deficits?
Q. what one major other economic theory began to be implemented about the same time we began to incur severe record budget deficits?
Asked by jesswzmn - Sun Jan 25 15:08:06 2009 - - 5 Answers - 0 Comments

A. While deficits had been run during wartime, the current peace time deficit spending really began under Ronald Reagan. He preached "supply-side economics" which called for big tax cuts to the wealthy. At the same time, he began massive increases in defense spending and never really cut much other spending, except for minor amounts of welfare spending and farm subsidies. This led to a huge increase in the national debt, which Reagan blamed on entitlements, even though his own policies were more to blame. Clinton brought it under control and Bush started it again to a huge extent, creating the current $10 dollar national debt. EDIT: Yes, it was also called "trickle down" economics or more appropriately, "voodoo economics" by George HW Bush. [cont.]
Answered by Information Police - Sun Jan 25 15:16:17 2009

What is the corelation historically and factually between tax cuts for wealthy and record budget deficits?
Q. I am hoping to get some factual historical answers please...not some theory that you heard or read about.
Asked by ron j - Thu Jan 29 12:38:36 2009 - - 5 Answers - 0 Comments

A. After the Reagan tax cuts which were the most significant ones in USA since the Great depression, we had some big budget deficits. After the 8 year Clinton presidency and the modest tax hikes that he put in place, the budget balanced again and we had a slight surplus. After the Bush tax cuts, the country experienced massive record budget deficits which still exist today. There is a latin legal term that I forgot that basically says "the thing speaks for itself".
Answered by theirsisnottoreasonwhy - Thu Jan 29 12:48:38 2009

Why would Hollywood not make a big budget Left Behind movie?
Q. Hollywood exploits the paranoia surrounding 2012 by making a movie based on the Mayan calendar and a host of other prophecies. Hollywood makes movies based on Dan Brown's conspiracy theories. With those types of movies being released, I wonder why Hollywood never jumped onto the Left Behind series of books and started making big budget films. The CGI that could be used in those movies to show the destruction describes in the books would be amazing...more so than any disaster movie, excluding 2012.
Asked by Jason G - Tue Nov 17 23:19:09 2009 - - 1 Answers - 0 Comments

A. Well, I am sure you already know this but they did make movies based on "Left Behind" starring Kirk Cameron. I don't think very many directors in Hollywood would have the guts to get their hands on that script. I wish they would not of done a cheesy, made for tv rendition and someone like Mel Gibson could of done it right and done it big. It's never too late though.
Answered by Freckled Lemonade - Tue Nov 17 23:48:35 2009

Is resource allocation theory deliberately misapplied in order to "justify" euthanasia ?
Q. Misapplication of resource allocation/ modern portfolio theory. This could happen. I wonder how often it does. Hospital generates $$ by convincing you to have some treatment. Back home. Get pneumonia. Back in hospital Move out of critical care to ward to convalesce. Ward needs your bed. You meet the parameters (blown big budget with your earlier treatment, plus pneumonia treatment, plus you have a track record of being high maintenance because of your 2 treatments. You may be low on any QALY scale) (quality adjust life years) You re put on a morphine/midazolam drip. So you die and your bed is freed up for a more worthy patient. I know the above example is a terrible misapplication of the QALY concept. If you are low on the QALY… [cont.]
Asked by paladin - Sat Mar 31 06:55:49 2007 - - 0 Answers - 0 Comments

A. A life should be worth living. Staying alive alone should not be the objective. If the patient is comfortable with treatment and wants to live, no one should profess euthanasia. But if not ? The decision must be left to patients only aided by an empathic physician.
Answered by J.SWAMY I - Sat Mar 31 07:06:41 2007

How can anyone trust quantum theory?
Q. None of it is proved, it's just academics spouting twaddle so they get big research budgets.
Asked by wiseguy - Tue Apr 13 18:46:41 2010 - - 3 Answers - 0 Comments

A. Now that you mention it, the whole thing is pretty much just specualation, or at least most of it. I guess we do have the information from the particle accelerators, though. Even most of that, though, is basically just detecting minute electric disturbances and such and make guesses about where they came from. I guess the main reason why everyone sticks with quantum physics is because no one has a better explanation.
Answered by Charlie - Tue Apr 13 18:51:36 2010

Was Ronald Reagan's "trickle down economic" theory proven to be successfull over the years?
Q. I was told that it was not, that it increased the national debt,and had outrageous budget deficits All the factual based data and statistics paint an unflattering picture
Asked by samson5791 - Tue Jun 17 12:34:39 2008 - - 9 Answers - 0 Comments

A. The trickle down economic theory has been proved to be successful. The theory actually has nothing to do with national debt or budget deficits. The theory is that by giving tax cuts to everyone including the wealthy more money will be invested and there will be more revenue for the government through more tax dollars. This has happened on every occasion that tax cuts have been instituted. National debt and budget deficits are a result of overspending of the tax dollars. This doesn't make any difference if it is trickle down economics or tax and spend economics. If the government spends more than they bring in there is going to be budget deficits which are going to increase the national debt. The only way for the national debt… [cont.]
Answered by tincoatr - Tue Jun 17 13:55:38 2008

Would you rather have a balanced budget or tax cuts?
Q. I'm sure there are some people that will say both, but given the current state of affairs I don't see how that's possible. I'm open to theories though.
Asked by nothingconstant - Sat Jun 7 00:54:26 2008 - - 18 Answers - 0 Comments

A. there's nothing wrong with some debt, but things are really getting out of hand. one of the reasons the dollar is losing so much value internationally is because we've become the biggest debtor nation going. supply side economics do not work. period. i may not particularly like bill clinton, but gdp rose by 33 percent during his presidency. under the shrub? between '01-'06 a lousy 17 percent. maybe things would have been different without the war, but i doubt it. whoever becomes president will be hamstrung by the debt problem. maintaining the bush tax cuts for the upper tier of taxpayers is not really feasible.
Answered by john's son - Sat Jun 7 01:42:14 2008

Economics 100 - Producer Theory - Cost Minimization: Isoquant Analysis?
Q. 1. The Department of Economics has determined that the marginal product of Teaching Assistant is 40 and the marginal product of a Professor is 120, but a Professor is paid ten times more than a TA. In planning the budget for next September the goal is to minimize costs. Should the Department be hiring more or fewer Teaching Assistants next year. Provide a fully labelled Isoquant Diagram to support your analysis. Assume that enrolment and input prices will be unchanged. 2. Explain why a cost-minimizing firm should respond to a minimum wage program by hiring less labour and more capital. Assume diminishing marginal productivity. Provide a fully labelled Isoquant Diagram to support your answer.
Asked by K M - Sun Apr 15 19:37:19 2007 - - 1 Answers - 0 Comments

A. 1) Sounds like a question written by a TA. Draw the budget part of the isoquant diagram by drawing a straight line that represents the 10/1 cost different between profs and TAs (the line should have a slope of 10/1). Pick any arbitrary point on that line that represents the current mix of profs and TAs. Then draw a line through that point with a slope representing the relative marginal products of profs and TAs. This line should have a slope of 120/40 or 3/1 at the point where it crosses the other line. This 3/1 slope line is analagous to the curved lines in the first chart on the source wiki page, so don't draw it all the way across the graph. Draw it instead with a curve similar to the ones on the wiki page. The point is that you could… [cont.]
Answered by Bjorkmeister - Sun Apr 15 21:44:47 2007

Have You Read MORE About The Modern Management Theory?
Q. A company had a vast scrap yard in the middle of a desert. Management said, "Someone might steal from it at night." So they created a night watchman position and hired a person for the job. Then management said, "How does the watchman do his job without instruction?" So they created a planning department and hired two people: one person to write the instructions and one person to do time studies. Then management said, "How will we know the night watchman is doing his tasks correctly?" So they created a Quality Control department and hired two people: one to do the studies and one to write the reports. Then management said, "How are all these people going to get paid?" So they created positions for a timekeeper and a payroll officer, and… [cont.]
Asked by Dew Drop - Thu Dec 14 00:30:01 2006 - - 4 Answers - 0 Comments

A. Ha Ha for some reason while I was reading this i was picturing someone saying it with a mouthful of big teeth kind of spitting and lisping along. sounds about right though.
Answered by RWIZ - Thu Dec 14 00:53:52 2006

Do you mind a question about the economy and the candidates?
Q. I'm a little dense about this I guess. I took economics in college. I don't understand why, all of a sudden, the economy is crashing. I understand that the war in Iraq is wearing on our budget, but wouldn't that have been doing that a little along, not a sudden crash?! Can someone please enlighten me as to how this could have happened all of a sudden? I know...Bush is the answer, at least it seems that way but can you explain your theory? Also, how can the candidates possibly change what is happening?
Asked by Dreamy Cosmos - Fri Sep 19 22:50:46 2008 - - 9 Answers - 0 Comments

A. No. The meltdown was caused by corrupt and greedy people starting with Congress who failed to enact legislation reforming Fanny Mae and Freddy Mac who demanded that unqualified people be given mortages. These were called high risk loans. John McCain saw the fiscal meltdown coming two years ago and tried to do something about it and helped propose reforming Fannie Mae and Freddy Mac. The bill was shot down by members of Congress who were influenced by Fannie Mae and Freddy Mac lobbyists and the Black Congessional Caucaus. You know Obama's friends. McCain: "I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If… [cont.]
Answered by Precinct 1099 - Fri Sep 19 22:52:47 2008

what are the economic functions of our government?
Q. what are the economic functions of our government? explain how ''public goods'' differ from private goods and give two examples of public goods. briefly explain what is in the revenue and spending parts of the federal budget and explain in brief terms the problems associated with budget deficits. Also describe the difference between ability to pay and benefits theory as it pertains to taxing philosophy.
Asked by krissy - Fri May 9 17:21:28 2008 - - 1 Answers - 0 Comments

A. This sounds like a homework assignment...
Answered by Rosa Mystica - Fri May 9 18:03:13 2008

one way to stop those burmese generals from sleeping is to allow thailand and bangaldesh to liberate burma?l?
Q. I still remember prime minister ehud olmert telling lebanon that if israelis cannot sleep then lebanese people also cannot sleep. hezbollah replied...It was a mistake to kidnapped those two israelis soldiers. MAYBE, those iranian told them to do it or no money from iran? for two soldiers, lebanon lost about 12,000,000,000 in property damage? lord jesus christ the son of the living god once said that if you know the cost of war then make peace with the enemy. using this theory, all nations will sign non-Aggression pact with their neighbours and save some budget money on military. king solomon was wiser and he marrie 1,000 wives from 1,000 NATIONS. look like all leaders in this world will have about 200 wive from next year? in simple… [cont.]
Asked by ROBIN DONALD S - Sat Sep 29 06:39:23 2007 - - 6 Answers - 0 Comments

A. Aside from your rambling digression, if the traditional 'enemies' of Burma invade, then the generals will only intensify their repression of those they see as collaborators and traitors. The sincerity of Thailand would be rightly brought into question and may well force the population to unite behind the generals, thus strengthening their grip for decades to come. We have to give the Burmese people the means to do it for themselves.
Answered by Bart S - Sat Sep 29 06:46:36 2007

How to improve Malaysia defence?
Q. Malaysia is nothing compares to Singapore. Singapore is very much superior than Malaysia in terms of national defence. That is the fact. The theory is :- Look at the national budget. Malaysia never concern about defence. If there is a budget for the defence. The so called experts will buy second class arms from the third world countries for unreasonable price. Why? Because there is a commission allocation for the brokers. Stupid dealings for national security. According to one source; Singapore and Thailand are so much advance in their defence .to the extent that Singapore can destroy and invade Malaysia less than 24 hours. Tell me your opinion.
Asked by nashe - Sat Dec 15 07:51:05 2007 - - 5 Answers - 0 Comments

A. Why does malaysia needs better military wares? When the contracts goes to government cronies and commissions goes to Dato Najis pocket This country ( malaysia) is so b l o o d y corrupted , that in the case any nations or countries or any individuals rich enough wants to invade malaysia, i dont think there is any need to fires a single gun shot. To " buys" over malaysia is much cheaper than it is to engage in battles or war.
Answered by johanssm - Sat Dec 15 21:30:54 2007

If tax cuts bring on budget deficits each and everytime, then why do they do them?
Q. I am not talking theory here. The facts clearly point that massive tax cuts by the fed are followed by budget deficits. It happened after the Reagan tax cuts and it happened after the Bush tax cuts. Now I know some say that, those cuts are supposed to be accompanied by reductions in spending etc... But the fact of the matter is they pass the tax cuts and do not cut spending...so the bottom line is they cut taxes knowing deficits will in fact follow. Why would a country run its budget knowing that its going deeper and deeper into the debt..wanting to spend money on things that it knows it does not have ..knowing it has to borrow from other countries? Isnt this a bit delusional? Once again, I am speaking reality here, please do not… [cont.]
Asked by jesswzmn - Sun Feb 1 15:18:16 2009 - - 4 Answers - 0 Comments

A. Both a stimulus and tax cuts add to the budget deficit and increase our dependence on debt and foreign countries. The premise I don't care for about tax cuts to the rich is that they will create jobs. More often than not, the rich tax cut money goes into further investments and creating an environment for riskier investments. Have you noticed that everytime we have a tax cut to the rich, we have a boom cycle followed by a terrible bust? Coolidge did it. Reagan did it.. Bush did it. Great Depression.. S and L crisis... Mortgage security crisis.
Answered by nothingconstant - Sun Feb 1 15:24:13 2009

Is the trickle down theory actually working or is it a fairytale ?
Q. Forever the Republican logic has been give corporations tax breaks and the benefits of those tax breaks will trickle down in the form of jobs, wages and opportunity. It is the only way to build the free market and the only way to run a capitalistic nation under the constitution. The only problem is those corporations over speculated on their capital to the tune of billions and now with a the spending record of Bush there should be massive effects of trickle down. Instead we have the recession that Bush denied in the last days of his watch. We have a housing crisis and we have a job slump but the biggest deficit in the history of the country. If the fiscal conservative logic is spending money through tax breaks produces a trickle… [cont.]
Asked by Coors - Wed Apr 15 23:27:59 2009 - - 6 Answers - 0 Comments

A. They can not do it. The only thing that will create a job is if that job creates a profit for the employer. Tax cuts don't create jobs, leveraging a worker for profit creates jobs. The term "tax cut" is a buzzword to seduce the ignorant into voting a certain way.
Answered by Throwing Stones - Wed Apr 15 23:36:45 2009

What happens if the governor refuses to sign the budget?
Q. Iowa State Congressman Rod Roberts made a failed attempt to run for governor. He said if he gets elected, he will refuse to sign the state budget until Iowa votes on an amendment to ban gay marriage. Thankfully, he didn't get elected... but let's look into his theory; Both houses of the Iowa legislature are controlled by Democrats who have firmly promised not to bring such an initiative to a vote... Senate Majority Leader Mike Gronstal appears very committed to protecting marriage rights for gays. hypothetically, let's say Rod Roberts became governor. and he refuses to sign the budget...until gay marriage gets put to a vote. So here are my questions: 1. Would the legislature give into his threats & demands? or would they… [cont.]
Asked by Rush Limbo - Sun Jul 18 23:12:30 2010 - - 2 Answers - 0 Comments

A. You should not get the budget confused with the spending bills it summarizes. A budget does not allocate spending, nor does it make money available. It is merely a summary of the plans for spending and revenue. If the Governor refuses to sign the budget it makes it hard to track what will happen over the year, and some accountability. If he threatens to veto spending bills that actually allocate the money - his administration will be left without any money - but that is a quite different thing.
Answered by Sageandscholar - Sun Jul 18 23:22:12 2010

In response to the Ga Education budget cuts, is my letter any good?
Q. To Whom It May Concern, Lately, there has been a lot of talk about drastic budget cuts within the Georgia college system. The fear of tuition hikes and faculty layoffs is very apparent within the classrooms. The teachers who have dedicated their lives to constructing and molding the future generations of Georgia are now wondering if they will even have a job next semester. Not only are the teachers worried, but the students are terrified as well. My name is Leighton Barbin, and I am a freshman at Gordon College. I have aspirations of completing my bachelor s degree in business and later attending law school to become an attorney. If tuition costs increase drastically I would not be able to accomplish my goals, which in turn will… [cont.]
Asked by rk8929 - Tue Mar 2 20:53:47 2010 - - 1 Answers - 0 Comments

A. Your letter is good. I am going to write one too. I am a freshman also. They don't understand how our education is important to us. P.S. The regents test was a waste of time.
Answered by Coffeebrown - Wed Mar 3 17:52:33 2010