CZ:Featured article/Current: Difference between revisions

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== '''[[Liquefied natural gas]]''' ==
== '''[[Fiscal policy]]''' ==
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'''Liquefied natural gas''' or '''LNG''' is [[natural gas]] (consisting primarily of [[methane]], CH<sub>4</sub>) that has been converted into [[liquid]] form for ease of transport and storage. More simply put, it is the liquid form of the natural gas that people use in their homes for cooking and for heating,
'''Fiscal policy''' encompasses [[public expenditure]], [[taxation]] and borrowing. Its essential function is  the provision of [[public good]]s and [[Services (economics)|services]]. It is also  used to influence  social conduct and the distribution of wealth, and to promote the growth and stability of economic activity. It can require a compromise between the objective of maintaining investor confidence in the government's bond issue and the longer term objective of preserving and developing the country's  economic [[infrastructure (economics)|infrastructure]], its [[human capital]] and its [[social capital]].


A typical raw natural gas contains only about 80% methane and a number of higher boiling [[hydrocarbons]] as well as a number of impurities. Before it is liquefied, it  is typically purified so as to remove the higher-boiling hydrocarbons and the impurities. The resultant liquefied natural gas contains about 95% or more methane and it is a 
===Introduction: the fiscal stance===
clear, colorless and essentially odorless liquid which is neither corrosive nor toxic.<ref name=CalifEnergyCommission>[http://www.energy,ca.gov./faq.html Frequently Asked Questions About LNG] From the website of the [[California Energy Commission]]</ref><ref name=CEE>[http://www.beg.utexas.edu/energyecon/lng/LNG_introduction.php Introduction To LNG] Michelle Michot Foss (updated January 2007), Center for Energy Economics (CEE), Bureau of Economic Geology, Jackson School of Geosciences, University of Texas</ref>
A government's fiscal stance is the outcome of multiple choices concerning [[public expenditure]] and [[taxation]] including, in particular, the choice of the [[fiscal  balance]], which is the choice that has to be made between financing expenditure by taxation and financing it by borrowing.  
The fiscal balance choice is concerned with the resolution of the sometimes conflicting objectives of financial stability and economic growth known as the [[/Tutorials#The fiscal dilemma|fiscal dilemma]].  


LNG occupies only a very small fraction (1/600th) of the [[volume]] of natural gas and is therefore more economical to transport across large distances. It can also be stored in large quantities that would be impractical for storage as a gas.<ref name=CalifEnergyCommission>[http://www.energy,ca.gov./faq.html Frequently Asked Questions About LNG] From the website of the [[California Energy Commission]]</ref><ref name=CEE>[http://www.beg.utexas.edu/energyecon/lng/LNG_introduction.php Introduction To LNG] Michelle Michot Foss (January 2007), Center for Energy Economics (CEE), Bureau of Economic Geology, Jackson School of Geosciences, University of Texas</ref>
''[[Fiscal policy|.... (read more)]]''
 
 
''[[Liquefied natural gas|.... (read more)]]''


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Revision as of 22:28, 23 November 2012

Fiscal policy

Fiscal policy encompasses public expenditure, taxation and borrowing. Its essential function is the provision of public goods and services. It is also used to influence social conduct and the distribution of wealth, and to promote the growth and stability of economic activity. It can require a compromise between the objective of maintaining investor confidence in the government's bond issue and the longer term objective of preserving and developing the country's economic infrastructure, its human capital and its social capital.

Introduction: the fiscal stance

A government's fiscal stance is the outcome of multiple choices concerning public expenditure and taxation including, in particular, the choice of the fiscal balance, which is the choice that has to be made between financing expenditure by taxation and financing it by borrowing. The fiscal balance choice is concerned with the resolution of the sometimes conflicting objectives of financial stability and economic growth known as the fiscal dilemma.

.... (read more)

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