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Should the Australian Commonwealth government and the various Australian state and territory local government grants commissions use matching grants or non-matching grants or both grant mechanisms to fund local government programs?
Using relevant theoretical considerations, illustrative well-drawn diagrams, and salient examples of the types of grants and the kind of local government programs involved.
1. Introduction
2. Theoretical considerations on federal grants system
2.1 The theory of fiscal federalism
2.2 The theory of intergovernmental grants (analyzed based on the economic standards)
- Nonmatching grants and income effects
- Matching grants and price effects
- The effect of choice restrictions
- Conclusions
4. Silent example on public school financing of local government in USA (Applying both nonmatching and matching grants)
5. Conclusion
For each of the following, is the industry perfectly competitive? Referring to market share, standardization of the product, and/or free entry and exit, explain your answers.
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Find the first order conditions and find the asset demand function for a when utility takes the log form, as in 1B above.
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What will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
In spite of significant price increases for gasoline in the last two years, the amount of gasoline consumed has not decreased a lot--does this mean that gasoline is an exception to the law of demand.
Southcoast Oil's fixed costs are $2,500,000 and its debt repayment requirements are $1,000,000. Selling price per barrel of oil is $18 and variable costs per barrel are $10.
Besides addressing the issue of externalities, what other important and beneficial roles does the government play in a market economy?
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