Answer:
$0.12 billion; a budget surplus
Explanation:
Given that,
Total spending for the last fiscal year = $4.71 billion
Tax collected during the same fiscal year = $4.83 billion
Government transfers = $0
Lilliput's budget balance:
= (Taxes - Government transfers) - Total spending of government
= ($4.83 billion - $0) - $4.71 billion
= $0.12 billion
Therefore, the Lilliput has a budget surplus during the last fiscal year because of the positive budget balance.
Answer:
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization successfully lobbies state regulators to stop the farm's pollution.
It's important to note that sometimes private solutions to externalities do not work. For example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that a private solution is not feasible.
Explanation:
The type of private solution to the externality of pollution occurred in this case is Charities
, because the work done by a non-profit organization is a form of charity.
It is crucial to note that sometimes private solutions to externalities do not work for example, this occurs when one party repeatedly holds out for a better deal.This describes the problem of a breakdown in bargaining.
Answer:
Mass media
Example
Mass media is actually the primary means of communication for the general public to communicate with each other as well as on a grander level. The most popular types of mass media include Newspapers, Radio, Television, Internet, Magazines.
Answer:
Positive deviance
Explanation:
Positive deviance is a methodology that is used by individuals who are associated with Eco-terrorism. They utilize radical criminal acts to spread their ecological philosophies. These individuals generally look for ratification of other people who share similar philosophies. These criminals believe that they will be viewed as heroes, and their actions will be seen as positive deviance.
A variable annuity contract is often described as a mutual fund family wrapped in an annuity contract. ... Many annuities offer a wide range of investment options, with up to 50 different funds. These annuity investment options are known as subaccounts. Some companies refer to these options as investment portfolios.
