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Eliminating Social Welfare Programs

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11y ago

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Why is a depreciation of the nations currency not feasible to eliminate a deficit if the natons demand and supply curves of foreign exchange are inelastic?

A depreciation of the nation's currency is intended to make exports cheaper and imports more expensive, theoretically boosting demand for domestic goods and reducing the trade deficit. However, if the demand and supply curves for foreign exchange are inelastic, it means that changes in currency value have little effect on the quantity of foreign exchange demanded or supplied. Consequently, even with a weaker currency, the expected increase in exports and decrease in imports may not materialize, leaving the deficit unchanged. Thus, the effectiveness of currency depreciation in addressing the deficit is significantly diminished under inelastic conditions.


What is the richest nations?

The United States, we also have the largest deficit.


When the value of a nation imports exceeds the value of that nations exports the nation is said to have?

When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.


How can you prevent water scarcity in future?

Arctic region nations will probably get rich by building pipelines from the Arctic to the southern nations. Or desalinization plants will become more economically feasible.


What is the process of reducing a nations armed forces after wartime?

Demobilization


Why is it important to solve macroeconomic problems in Indian economy?

Macroeconomic problems in India's economy can have an effect on all nations. When India has a large budget deficit it causes financial difficulties that effect all nations.


What two things helped prevent Japan from sliding into the Great Depression along with so many other nations?

deficit spending and raised terrifs


What is the national deficit?

A deficit is caused when the amount of revenue taken in by a government is less than it spends on its programs. The difference becomes a debt in the form of loans against future revenue, usually promissory notes and bonds. When a city or state is in deficit, it usually requires curtailing public services or reducing public employment. However, the national government is less restricted in its spending because a deficit is covered by borrowing (Treasury Bills and bonds are normally used to finance interim spending anyway). The total of these loans is called the National Debt, and most of it is actually owed to investors in the US. When the US imports more than it exports, the difference is called the "balance of payments" deficit, which is potentially more important because it represents debts to foreign countries (e.g. China). *The US, as with most nations, has the ability to "create" money in the form of currency, and can regulate its debt through control of the money supply. This is usually not a permanent solution because it can decrease the value of the dollar.


What is one major goal of U.S. economic foreign policy?

Reducing trade barriers


What does reducing do for the environment?

Reusing is important because it practises differ for developed and developing nations, for urban and rural areas and for residential and industrial producers.


What is a trust deficit?

A trust deficit just means a lack of trust ... between people or nations. If you and your parent or sibling don't trust each other, you have a trust deficit. And when countries don't trust each other, they have a trust deficit.


What is an example of nations cooperating to achieve a common goal?

The United Nations Climate Change Conferences, such as the Paris Agreement, are examples of nations coming together to address a global issue by setting shared goals for reducing greenhouse gas emissions and combating climate change.