Public finance

explanation, as unemployment increases in the United States, the aggregate income of the American public decreases, thus fewer of the population are able to pay its federal taxes. However, life goes on and the federal government must still provide for its citizens. The federal government increases its spending on certain public safety programs, such a Medicaid, as more of the unemployed American public have a need for such programs. Clearly, with tax revenue decreasing and government spending…

As the president of 2022 assuming the responsibility of the country that was once one of the biggest nations economically has its advantages and disadvantages. If we talk about money, we literally are talking about a piece of paper, which we gave value to and can either give a country power or give it frustration, so let’s talk more about it. As a country evolves it expands its' sources and to grow a nation as a whole, it needs to work for it, but for that there is always a requirement: money.…

Lady Gaga, was born Stefani Joanne Angelina Germanotta, in Yonkers, New York, on March 28, 1986. Her father, Joseph, was an internet entrepreneur and her mother, Cynthia, worked in telecommunications. Stefani has a sister that is six years younger than she. Stefani grew up on the Upper West Side of Manhattan. Her family was well-off and sent her to a catholic girl’s school called, the Convent of the Sacred Heart. At age four Stefani began taking piano lessons and wrote her first song shortly…

It was highly innovative. On 12 July 1989, Abbey was the first building society to become a public limited company and was floated on the London Stock Exchange. In August 1996, Abbey National merged with the National and Provincial Building Society, gaining almost 200 branches and 3 million customers. More recently, Abbey aggressively diversified…

Report). The consistent gain in profits over the last several years has put Kraft Foods in a strong financial position to invest in new equipment, research, development and advertising, all of which will improve their long term financial growth (Vuru Finance, 2014). The patents and trademarks owned by Kraft Foods also help contribute to their continued financial success. For example, Kraft Foods owns a trademark with Ehancer worth $261M with a carrying value of 12% (Kraft Foods Financial…

Dear sir with reference to the above mentioned subject the information regarding existing business is as follows: While reviewing sales of company it is observed that our sales increases by 22% each year but that lead to increase in our expenses by the same percentage which leads us to be on loss side each year. Further the increase in sales is not consistent with increase in market, as market is expanding relatively more than our growth that results decrease in our market share year by year. On…

Most of the empirical studies in this field are based on micro-data collected from developed countries. Since investors’ risk attitude plays an important role in forming their portfolio choice, there have been numerous studies that investigated household portfolio choice by trying to identify the determinants of risk attitude. This supports the findings of Lott and Kenny (1999) and Barber and Odean (2001), who observe a difference in the risk attitude between men and women. A rich literature…

A fundamental break down in the existing economical arrangement was fabricated in the financial global crisis that started in summer 2007 and surprised many nations. Commotions in the financial world (banks) had an impact on the real economy in terms of people’s livelihoods. This financial crisis is globally significant to us, as it took place in the heartland of capitalism, the U.S., which is the richest most successful dominant capitalist power. The key trigger of the financial breakdown was…

Identifying Systemically Important Banks 1. Definition of systemic risk and the importance of monitoring it 1.1 Definition of systemic risk According to Oxford dictionary, systemic risk means a risk of a failure in a whole system, the collapse of certain big banks or financial institutions will cause a systemic risk to the financial system as a whole (Law, 2014). Systemic risk related to bank failure. In detail, it has three perspectives. First refer to a chain of events, like domino…

a. It can change rapidly. c. It is easy to regulate. b. It protects the less fortunate. d. It encourages growth. 6. What might be a hardship for citizens of a centrally planned economy making a transition to a market-based system? a. Farmers would have to grow the crops that the government instructed them to. b. Only poor quality goods would be available to consumers, because manufacturers focused on quantity, not quality. c. Workers would lose job security and guaranteed incomes. d.…