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   Related Questions in Public Economics

  • Q : Example of Normative Economics with no

    A statement which needs no value judgments would be which an optimal distribution of goods is: (w) invariably best for society. (x) better for society than any non-optimal distribution of goods. (y) better for society only when this conforms to the will of the majorit

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  • Q : Bad motives make wrong decisions Which

    Which economic philosopher would have been most probably to have asserted which people do not have bad motives while they make wrong decisions; quite, they make bad computations? (w) Thomas Malthus. (x) Sir Edwin Chadwick. (y) Nassau Senior. (z) Jeremy Bentham. <

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  • Q : Problem of Economic Policies and

    Hello guys I want your opinion. Please recommend your view for given Economic Policies and Normative Economics problems. Disagreements in between economists about economic policies most commonly occur from differences within their:

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  • Q : Explain about the term whom in

    The fundamental economic questions are "What?”, “How?”, and “For whom”? When we ask, "For whom?", we need to know who will: (w) produce the goods. (x) consume the goods. (y) get the profits. (z) decide wh

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  • Q : Weak assumptions

    Philosopher-mathematician Henri Poincaré asserted, “When a phenomenon admits of a total mechanical explanation this will admit of any infinity of others that will account equally well for all of the peculiarities disclosed through the experiment.” O

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  • Q : Why every society confronts the problem

    Each society confronts the problem of scarcity since: (i) human wants are virtually limitless relative to the resources obtainable. (ii) technology, resources and human potential are limitless. (iii) most people can't have enough money the goods they

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  • Q : Calculate the net investment of machines

    Freddy's Fabulous Faux Frisbee Factory consists of fifty rapid frisbee forming machines. In recent year Freddy bought new fifteen rapid frisbee forming machines as well as retired five of them, all they are resulting within: (1) Net investment of 10 machines. (2) Gros

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  • Q : Determine the requirements of

    Within broad economic terms "efficiency" needs: (w) an upward move within the production curve. (x) full employment. (y) it being not possible to make someone better off without creating someone else worse off. (z) producing cars with low gas consumption.

  • Q : Problem regarding exceed human

    The fact that human requirements exceed the production possible along with the resources obtainable is termed as economic: (1) scarcity, (2) welfare, (3) shortage and (4) deficits. Can someone please suggest me the

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  • Q : Opportunity cost of buying a new car I

    I need a good answer upon the topic of opportunity cost problems. What is the opportunity cost of buying a new car: (i) last dollar price one pays for this. (ii) Value of the old car traded within. (iii) Sticker pr

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