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Economic Cost and Benefit Analysis

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Perform an economic cost/benefit analysis on one of the following issues. You must have both 2-3 costs and benefits and conclude whether a net benefit or cost exists.

- Move to government provided national health care system

- Increase tax rates on the rich (back to pre-2001 levels)

- Close borders and implement an immigrant guest worker program

Please answer discussion questions with a maximum of 250 words explaining your position on the issue and supporting it with evidence.

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Move to government provided national health care system

COST: implementing the health system (hiring doctors, nurses, buying equipment); Educating people on the new system
BENEFIT: Healthcare for everyone; People can go for preventative checkups which might save the system; more education for people on health issues; less deaths due to financial reasons

The heath care is now supported by money not taking into account the health of individuals. If you have money, you can get health care; otherwise, you might wait to see a doctor until it is too late. However, this is at a huge cost; According to a website at: total spending was $2.4 TRILLION in 2007, or $7900 per person. Total health care spending represented 17 percent of the gross domestic product ...

Solution Summary

This solution discusses economic cost analysis and benefit analysis.

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Individual - Project Part I - Financial Overview Assignment

For the project in this course, you may use the local government and public policy identified in MBAPA/591 or you may choose to use another local government and policy.

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b. Describe the government's capital project, general, and proprietary funds.
c. Analyze the budget.
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2) Describe the budgetary levels. Are items budgeted at the department level, program level, other?
3) Describe the long-range spending and short-range spending plans.
4) Which departments/programs receive the largest appropriations?
d. Explain how public policy translates into the government's short-range and long-range spending plans.

Individual - Project Part II - Developing Funding Choices

Using the local government and public policy identified for your project, prepare a paper assessing that government's revenues and examining possible funding options for your public policy implementation. Utilize the comprehensive annual report and budget documents for the government. In this paper you should do the following:
a. Using the budget, analyze your local government's sources of revenue. Determine which revenues are used in which funds: governmental, proprietary, and fiduciary.
b. Describe any restrictions that are (or could be) placed on those revenues.
c. Evaluate how public policy decisions affect the receipt of revenues.
d. Analyze the economic conditions that affect revenue projections.
e. Develop a revenue policy that aligns with community values

Individual - Project Part III - Economic Development Implications

Using the local government and public policy identified for your project, prepare a paper discussing the economic impact of your public policy issue. The public policy issue that you have selected for your project is almost certain to have economic development implications. Utilize your government's comprehensive annual report, budget documents, and the Internet for this assignment. In this paper you should do the following:
a. Define enterprise zones and explain the utilization of these zones by your chosen government and the state within which the government exists.
b. Assess how the enterprise zones could be used to enhance the economic development implications of your policy issue.
c. Describe how a cost-benefit analysis of an economic development can be performed.
d. Evaluate incentives that are currently given to developers and other agencies to enhance economic development and rural development projects by the local and the state governments.
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