Question
Suppose that the U.S. government seeks to increase law and order by providing funding to individual states that must be spent upon law enforcement.Suppose these
Suppose that the U.S. government seeks to increase law and order by providing funding to individual states that must be spent upon law enforcement.Suppose these are "block grants", chunks of money sent each year that are not a function of existing law enforcement expenditures.Below is the State of Washington budget line before the grants, with an indifference curve showing the consumption point.Also shown is an indifference curve that rests on the new budget line (not shown), after the grants.Draw in the new budget line (neatly!).(Copy the existing line and place it where you think it should go.)Roughly speaking, what is the ratio of (increased spending on law enforcement) / (amount of the grant)?(Just eyeball this from your neatly drawn graph.)What does this suggest about the program's success in increasing law enforcement efforts?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started