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   Related Questions in Public Economics

  • Q : Existence of economic inefficiency

    Economic inefficiency exists while there is: (1) A society suffers through economic inequity. (2) No approach for anyone to gain unless someone else loses. (3) Additional output could be generated at lower cost. (4) Maximum net benefits are acquired f

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  • Q : Illustration of a positive scientific

    An illustration of a positive scientific statement would be which college graduates who: (i) create higher incomes than high school drop outs deserve that higher income. (ii) charge victims of hurricanes as well as other natural disasters outrageous prices must be sho

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  • Q : Most dealing of normative economic

    Normative economic statements deal mainly along with: (w) the way things should be. (x) production possibilities frontier analysis. (y) facts in place of theories. (z) how to measure economic variables. Please choo

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  • Q : Illustrate when firm shuts down

    When a firm shuts down within the short run,: w) its loss equals zero. x) its loss equals its fixed cost. y) is creates zero economic profit. z) its total revenue is not huge adequate to cover its fixed cost. How c

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  • Q : Administrative estimations of peoples

    The requirement criterion of distribution usually entails: (1) Greater production incentives than the other systems. (2) Much difficult administrative estimations of people's requirements. (3) Generation of extreme pollution. (4) Dividing national inc

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  • Q : Illustration of Self Interest Elmer

    Elmer leaves his old mule Betsy and buys a new tractor to plow his fields. It is assumed to be consistent along with Elmer's perception of his best interest since: (w) tractors can plow more than a mule. (x) Elmer is assumed to be a rational farmer. (

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  • Q : Driving issues in economics The driving

    The driving issues within economics are like: (w) income distribution and wealth. (x) productive inefficiency and waste. (y) restricted resources and unlimited human desires. (z) financial planning and mismanagement.

    Q : Description about the wealth of nations

    In 1776 Adam Smith’s work, The Wealth of Nations, is mainly a description of how: (1) democratic socialism is more efficient than totalitarianism. (2) self interest is coordinated within a market system. (3) barriers to internat

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  • Q : Earn zero profit in long run by

    Which of the given statements is right?: w) Economic profit takes within account all costs involved within producing a product. x) Accounting profit is not relevant within preparing the firm's financial statement. y) Economic profit all the time exceeds accounting pro

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  • 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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