Governor's Next Economic Conference ECO/365

Governor's Next Economic Conference In the forthcoming year, the state of Californias Governor Jerry Brown has proposed a new budget plan. The plan, while extensive and expensive is trying to finish stabilizing the economy that nearly crippled the state of California during the stewardship of former Governor Schwarzenegger. In this brief; the members of team A will cover these basic concepts about how the budget works that address the following. How and why the equilibrium of supply and demand is desirable, explain how the budget addresss the concept of consumer and producer surplus, using efficiency of markets, cost of taxation, and the benefits of international trade. How do the externalities prevent market equilibrium? And what...