The overwhelming majority of government officials promote expansionary fiscal policy; however‚ in conjunction with pure economic theory‚ neither expansionary fiscal policy nor contractionary fiscal policy truly outweigh the other. Both forms of fiscal policy are used in various scenarios‚ have pros and cons‚ and correlate to “sin taxes‚” tax rebates‚ increased government spending on public goods and services‚ and decreased government budgets on two or more departments‚ whether that correlation is
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Fiscal Policy of Bangladesh regarding SME Fiscal Policy generally refers to the use of TAXATION and government expenditure to regulate the aggregate level of economic activity in a country. Fiscal policy in Bangladesh basically comprises activities‚ which the country carries out to obtain and use resources to provide services while ensuring optimum efficiency of the economic units. The policy influences the behavior of economic forces through public finance. Major objectives of the fiscal
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that contributed to economic turmoil under the Articles of Confederation was the A) power shift from middle-class farmers to wealthy landowners. B) state legislatures that favored creditors and created more debt. C) postwar depression that left many small farmers unable to pay their debts and threatened mortgage foreclosure. D) decreasing economic viability of slavery. E) existence of all these factors. 2) A small band of farmers in Western Massachusetts took up arm in what is remembered as
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Jonathan Quinones Literature Review Paper Comm 306 Uncertainty Reduction Theory Uncertainty is an unpleasant feeling and because of this feeling‚ people are motivated to reduce this uncertainty by means of communication. Uncertainty reduction theory (URT) was developed to describe the interrelationships in any type of communication exchange using seven factors: verbal communication‚ nonverbal expressiveness‚ information-seeking behavior‚ intimacy‚ reciprocity‚ similarity‚ and liking (Berger
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As of 2014‚ 21 states have larger minimum wages than the federal minimum of $7.25‚ but our national government still has not gotten the message that America needs its minimum wage to be raised (Jost 76). Raising minimum wage has been a hot topic ever since its conception in 1938‚ back when minimum wage was only $0.25 (“Minimum Wage”). Although it is a successful tradition to raise minimum wage to match inflation and match people’s needs‚ some individuals believe there is no need to raise it. Many
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The debt crisis of Nigeria and Greece Introduction National debt is a problem that can inflict any country including the developed countries. Almost all countries go into budget deficit one way or the other and end up borrowing money. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due‚ future taxpayers will face a difficult choice. Inheriting such a large debt cannot help but lower the living
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Introduction When accounting standards change‚ the impact those changes have on debt contracts is influenced by virtue of the ’rolling ’ (floating) or ’frozen ’ generally accepted accounting principles (GAAP) applied to the debt covenants within the contracts. Positive accounting theory (PAT) assumes managers will act in self interest once contracts are in place (Deegan 2009‚ p. 292) and this may or may not lead managers to lobby standard setters in support for or against draft changes to standards
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External Debt Development and Management: Some Reflections on India Dr HK Pradhan Professor of Finance and Economics XLRI Jamshedpur India Regional Workshop on Capacity-building for External Debt Management in the Era of Rapid Globalization 6-7 July 2004 Bangkok Introduction In 1990-91 when India got into a severe foreign exchange crisis her outstanding level of external debt was $ 83. 8 billion. The level of debt was about 40 per cent of Gross Domestic Product
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I had decided to take this course to form a critical perspective on the policies implemented by our government in regards to drug patents‚ generic medication and their preferential treatment towards pharmaceutical companies. A major drug policy issue concerning Canadians today is the legalization of cannabis. Undeterred by nearly a century of prohibition‚ millions of Canadians consume cannabis regularly. While the ban of cannabis creates billions of dollars in expenses‚ which are exhausted on ineffective
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EXTERNAL PUBLIC DEBT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM BANGLADESH‚ 1974 TO 2010 Mahmud Hasan Shah Department of Economics‚ Jagannath University‚ BANGLADESH. mhs_ju@yahoo.com Shahida Pervin Department of Economics‚ Jagannath University‚ BANGLADESH. Spervinruby@yahoo.com ABSTRACT This research paper investigates the relevance of the dependence of Bangladesh economy on external public debt. Using some econometric tools‚ the study is conducted to find out the effect of external public debt
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