Economics and Government Assignment Example | Topics and Well Written Essays - 1000 words

Economics and Government - Assignment ExampleQ4. authorities is as important as economics because it involves the allocation of scarce resources. I believe so because governing design systems that are used in the allocation of scarce resources (Roth 100).Q5. Targeting public transfer programs in the US strikeed public nominate for governing body redistribution by lowering public confidence. There was the observation that resources sink aside for redistribution were being misused hence not benefiting the target public.Q6. Canada has income redistribution through minimum takings. Minimum wages target low earning individuals and reduce the gap between the rich and the poor. Minimum wages does not affect public support for government redistribution in the same way. This is because income redistribution has resulted in the public gaining confidence in the government since there is an improvement in living standards.Q7. Public insuring of healthcare expenditures in Canada has the e ffect of increasing support for government redistribution because it reduces the burden of paying for healthcare. The case is different in the US because the public bears the burden of screening healthcare costs. Health insurance represents a form of government redistribution because everyone is able to have access to healthcare free of charge at any public healthcare center (Mankiw 24). This is a big come up to because a large portion of the population is unable to have access to healthcare services as a result of high costs.Q8. A decline in privy sector unionization is an indication that the public has confidence in the government hence supporting government redistribution (Deming 11). In the case of Canada, declining private sector unionization has the same effect on public support for government redistribution.Q9. Great inconsistency refers to the process through which European countries overcame growth constraints to become the wealthiest nations