Group items tagged

The NIH are against government price controls and for the third time in a row had to reject the governments aid, as it would be against the law if the government did aid the NIH. The government wanted to fund drugs essential to specific and vital purposes.

The Estonian government agreed on the objectives of fiscal policy for the next four years. As a result of these choices the government is able to for example fix unemployment and increase the rate of child benefits.

This Article discusses the tight fiscal policy and the objectives that the Estonian government has agreed to pursue for the next four years. - sorry didn`t see it was already on here

This article talks about the negative externality of smoking. It tells that when adults smoke the bad side effects affect small innocent children.

This article talks about how the number of children submitted to hospital with asthma has decreased by 12% after smoking bans were put in place. This shows that the externality created by smoking is negative, it does not only affect the individual but the society as well therefore the social costs are greater than the private benefits. It shows how government intervention helps reduce the negative externalities.

In introducing the smoking free regulation, the british government has successfully reduced the number of admissions with children suffering from asthma attacks by 12%. In addition to showing that this government intervention has successfully reduced the negative externality caused by smoking cigarettes, this form of intervention has increased social awareness and also the willingness of many individuals to prefer "smoking free homes". The Article thus demonstrates that there has not only been a change in legislation, but also a change in the attitudes of the population, which will also have an effect on demand.

This article talks about how the monetary policy is controlled in India. It also shows how it caused economic growth.

This article talks about how owners of rare artworks are exempt from paying inheritance taxes as long as they allow viewing access to the public. This is somewhat an inverse of the tragedy of the commons where instead of restricting the usage of the "commons", the government encourages allowing more access to the commons. The main reason for this would be because artworks have cultural significance.

Interesting how artworks have been worth so much money and are a private good by ownership, but still are available to the public.Take any museum, its artworks are all privately owned, but have been determined to be part of our culture that cannot remained unseen. It must be public for reasons of conservation.

Trying to protect Brazils forests is a difficulty. Logging cannot be stopped due to common access to the amazon. Farmers make use of the forests until they maximize their utility, causing negative externalities. River banks are ednagered by erosion and wildlife loses its inhabitat. The new Laws by the government are not good enough to prevent logging and support sustainability.

This article talks about how Obama is focusing on an issue of unemployment inequality. It also states that he is going to pass a bill to raise the minimum wage and execute authority in education and economic development. Obama also highlighted a strategy of "sector partnerships" to bring firms together. This is related to this week's topic because all these situations can affect the whole economy of the nation. Politics are involved because the government passes bills or deals with the situation in some way.

This article discusses the differences in economics and politics in general, and touches upon how dependent economies are on the policies of government, and how the government is equally dependent on the behavior of economies.

Despite government policies which have tried to keep the increasingly high inflation rate in check and the central bank increasing the benchmark lending rate, brazils economy has encountered a 0.31% decrease in economic activity. Despite a growth in retail sales in November and stimulus spending by the government, the economy has contracted as prices rose and decreasing business confidence lead to a decline in investment.

This article talks about how the PED of tobacco is not as inelastic as once previously thought. The price of tobacco is increasing due to the government adding taxes, and because of the large increases in prices, the demand for tobacco is decreasing.

This article talks about how Apple seemingly tried to avoid high taxes by filling returns through a subsidiary because taxes were lower. The government and tax officials will have to take on a better control of those companies under their taxes.

This article is about China fighting inflation in May 2011. It describes the food prices in China were up 10.3% in January versus a year earlier and the price of gas also rises. The article also outlines the plan of China government to keep down the price of goods--price control. Check it out!

This article is about transfer payments in the US which is also part of the fiscal policy. The article talks about how 18% of personal income is in the form of transfer payments. They say this is a high figure mostly due to the recession and transfer payments were used as a method to stablise the economy.

The party running for election in Brazil believes that the government should have the final say in deciding the monetary policies.

INTRODUCTION Constitutional historians and lay-persons alike would be alarmed if the United States Government seized five pages of the New York Times in an attempt to increase public access to the media. This adverse reaction would stem from the ...

This article outlines the surprising economic growth experienced in Germany in the fourth quarter of 2013. This is in the face of lower consumer expenditure, and analysts instead attribute it to a steadiness in government expenditure and an increase in investment, resulting in an overall increase in injections. Analysts are optimistic that this indicates a future growth burst for 2014.

This article outlines the corruption in Russia in this winter Olympics. 50 billion is invested in the project but the infrastructure in the city is still unfinished.

This article is about how Starbucks and other major companies have been avoiding tax payments. It explains that though tax avoidance is legal, it is done through dubious transactions and fraudulent reports. This has occurred because of the high tax placed on coffee by the government.

This article discusses Mexican plans to implement a 5% percentage tax on fattening foods, a 16% percentage tax on chewing gum and a 8 cents specific tax on sodas. This is a fine example in which a government is using excise taxes as a means of discouraging consumption of a product that is harmful for one's health.