ipl-logo

Fiscal Policy Trinidad

632 Words3 Pages

I. Fiscal Policy is the federal government’s effort to keep the economy stable by increasing or decreasing taxes or government spending and Monetary Policy is the managing of cash supply and interest rates by the Federal Reserve Bank. In Trinidad, the recent government has issued an increase in VAT in order to stabilize the economy, which would increase the money flow in the economy, but an undesirable effect to increasing taxes, is that people may think twice about purchasing certain goods so as to not spend too much. II. The Production Possibility Frontier (PPF) is a curve representing an economy’s production capacity for two or more goods from its given resources. The PPF assumes that all inputs are used efficiently. Graph I showing …show more content…

Because, given the same amount of input resources, one can produce more of either good, this occurs at point A. Point B gives an example of an efficient output. This is because we are on the PPF; one cannot make more of one good without giving up some of the other good. The outside of the PPF is the unattainable point. This is because the PPF shows the maximum one can produce, and producing beyond this isn’t possible given the current amount of resources. The unattainable point is shown at point C. III. The four kinds of competition that exists in a free market economy are: (1) Perfect refers to a market structure in which there are several firms in the industry each selling similar (homogeneous) products; there are several farmers selling identical products to the markets, and many buyers. It is easy to compare prices, therefore, agricultural markets often get close to perfect competition and (2) Monopolistic Competition is a market structure in which there are a quite large number of producers offering slightly differentiated products. Examples of monopolistic competitive firms in Trinidad are restaurant businesses, such as Ruby Tuesday’s; which offers a wide variety of delicious foods such as burgers, steak, pasta etc. and Buzo; which is an Italian restaurant, hotels, such as Hilton, Cascade and Hyatt and consumer services such as

Show More
Related

Pt1420 Unit 1 Assignment

1121 Words | 5 Pages

1.1.2 Graphs We have now converted information from words or pictures to tables to formulae and now we’re going to look at how we can convert information into graphs: Example: If we invest R1 and it doubles every month, how much will we have at the end of 1 year? Let’s first draw a table: Months 1 2 3 4 5 6 7 8 9 10 11 12 Rands 1 2 4 8 16 32 64 128 256 512 1024 2048 Now let’s depict this information as a graph or chart: We can draw a bar chart:

Read More

Corn Atanagi Case Study

699 Words | 3 Pages

So one of the points is 600,600 which means 600 pounds of corn and poultry each are possible with given resources and technology. It is not possible to increase both goods to take them to 650 each. We can increase only one of the goods, and we have to reduce the other one to stay on the PPF. This increase is not possible with given resources and technology.

Read More

Fiscal Bargain In The 1800s

433 Words | 2 Pages

The next bargain was the fiscal bargain, which was used through around the period of the 1700s up until the 1800s and further. The concept of the fiscal bargain was about rulers needing a larger amount of resources. To obtain these resources, they follow through with expanding on their core bargain with their people by exchanging an expansion on privileges, legal rights such as economic infrastructure, and an expanded internal security, for military power. Fiscal bargain is what makes it possible to have a linear military in which there is an exchange with subjects for there to be a permanent taxing and debt tied to them for the future of the state. This is what makes it possible for there to be giant militaries of over 200,000 soldiers as

Read More

Example Of Ethos Pathos Logos

1076 Words | 5 Pages

Logos is the primary rhetoric in this visual with a tremendous of data and graphs presented to the audience. The bar graphs can be easily interpreted without looking at the specific numbers, but there is a scale available at the bottom for readers who seek the specific numbers. Pathos is conveyed through color schemes, font, and the design of the visual. The color scheme used is dark red, with a grey background and black texts appeals to the pathos of the viewers. The font use is not conventional, and gives a grotesque and unsettling feeling for the viewer.

Read More

Analyze British Taxation Policy

252 Words | 2 Pages

Analyze British taxation policy and explain how it contributed to the American decision to start the American Revolution. In the beginning, British taxation policies were not exactly stringent on the colonists. Prior to any military conflicts in America, the colonists paid little in taxes and in their economic activity, they were free of worry about the British government and its need for funds.

Read More

Essay On Colonial Taxes

450 Words | 2 Pages

Taxes! After the French and Indian War, the British government needed money to pay for the cost of protecting the colonists from the French and Indians. The British government approved several taxes including the Stamp and Tea Acts to help pay for the costs of the war. The colonists were expected to pay these taxes.

Read More

How Did The Erie Canal Affect The United States

570 Words | 3 Pages

" Chart 4" gives a

Read More

Tax Reforms Of The 1920s Essay

644 Words | 3 Pages

The tax reforms of the 1920’s were the answer to the extraordinary high rates the government had imposed during World War I. Permanent income tax had only been a part of the American life for less than a decade. Income tax was introduced to the American public in 1913 at a low rate but increased to over 70% to sustain World War I. The war ended in 1918 after four years and left America in a bad place. National debt was high, work was difficult to find, and wages were low. Warren Harding ran for office in 1921 with the former Massachusetts governor, Coolidge, as his running mate.

Read More

The Debt Pertaining To Great Britain Analysis

167 Words | 1 Pages

The argument of the debt pertaining to Great Britain, rather than the debt pertaining to the colonist, is a resounding argument. Scripture teaches the idea of individual ownership. For instance, if an individual sins, that individual will rightly suffer the consequences of the sin he or she committed, instead of another individual who did not commit the sin. Particularly, it may seem as a robber robbing a valuable item from a store, and the authorities should rightfully punish the robber, not another individual who did not commit the robbery. Therefore, since the war’s debt was Great Britain’s fault and since the colonists are not having representation, hence, are not a part of Great Britain, Great Britain should maintain its ownership of its

Read More

Taxation In The Revolutionary Era

197 Words | 1 Pages

While modern time is separated from the American Revolutionary period by roughly 250 years, many measures enacted then still take place in society today. Traditionally in history, wars are extreme expenses upon nations, and throughout the time of human history, different countries have dealt with such causes of debt in a variety of ways. A common measure taken by governments around the globe to raise money for war debt is none other than taxation. The United States utilizes the tactic of taxation upon their citizens to fund various areas of a wartime effort, as our mother country, Great Britain, had done centuries ago during the Revolutionary Era. It is argued that due to the various taxes placed on the British colonials of North America, the American Revolution began.

Read More

Taxation Spending Clause

1338 Words | 6 Pages

Taxation and Spending Clause The issue is whether the proposed legislation is permissible under the Taxation and Spending Clause as these objectives cannot be accomplished under the Commerce Clause. Congress’s ability to “lay and collect” taxes originates from Article §8 (1) of the Constitution. It further states that Congress “shall have the power to...pay the debts and provide for common defense and general of United States.” Congress once had broad authority when applying this clause to issues that concerned the nation’s general welfare.

Read More

The Satsuma Rebellion: The Fiscal Revolution

1102 Words | 5 Pages

Introduction Nine years into the Meiji Era, the Samurai, stripped of their status and honour, made their last stand against the Japanese Imperial Government. The last and worst of the series of armed Samurai revolts, the Satsuma Rebellion, began in the January of 1877. It's end, in September of the same year, marked the end of the Samurai class when its leader, Saigo Takamori, on the brink of defeat, took his own life. The rapid and massive changes to the Japanese culture was taken as an insult to the Samurai. They would not stand to see the old order of feudal Japan, along with its culture, come to its end for the sake of modernization.

Read More

Oligopoly Case Study

1870 Words | 8 Pages

1.0 INTRODUCTION In an economy, there exists different market structures to accommodate different industries and firms. This study will be made to understand in further depth the market power of different market structures, and in particular an example of using case studies of agricultural sector of the French markets to explain how an ideal perfectly competitive market works. This will then be further strengthened with several references linked to the case study. 1.1 Monopoly market

Read More

Disadvantages Of Economic Growth

1571 Words | 7 Pages

Along these lines, unemployment may decrease, as this has different favorable circumstances, for example, lower government using on profits and less social issues. However, this phenomenon includes a number of different expenses. Firstly, if economic growth is unsustainable and is higher than the long run pattern rate, inflations are liable to be seen. An increase in economic growth could prompt an equalization of issued installments. In case the expanded customer expenditure causes further development, there will be an increase in the import sector.

Read More

Foreign Direct Investment Summary

2346 Words | 10 Pages

3) With the integration to international system of capital flowing, country’s governments must have some limit to make bad policies. 2.1.2)

Read More

More about Fiscal Policy Trinidad

Related Topics

Open Document