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   Related Questions in Public Economics

  • Q : Why are Land Land, labor, and capital

    Land, labor, and capital are all scarce since: (w) human wants are restricted. (x) less is obtainable than people want. (y) each productive resource needs a monetary return for its use. (z) once employed they cannot be used again.

    Q : Entrepreneur in economic profit

    Economic profit is the entrepreneur's: (i) payment to managers for their services. (ii) capital stock minus depreciation. (iii) reward for innovation and bearing risks. (iv) difference between monetary cost and total income. (v) opportunity cost for capital.

  • Q : Case of unsuccessfulness of goods in

    Consider the several possible goods currently producible within the United States, specified our available technologies and resources. When we produced only cat litter and razor blades, there would be a failure to get: (i) distributive efficiency. (ii) economic equity

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  • Q : Explain the problem of Macroeconomics

    Hello guys please suggest your answer for the given problem: A problem which MOST involves a macroeconomic problem is the result of a: (w) drought on the price of corn. (x) tax reform on the incomes of financial planners. (y) steel

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  • Q : Invisible hand of Adam Smith “

    “Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

    Q : Consumption and investment The

    The economy's present production possibilities frontier is not restricted by the: (1) Quantity and quality of labor force. (2) Amount of capital stock currently accessible. (3) Quantity and quality of the natural resources (that is, land). (4) Current

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  • Q : Property rights enforced by government

    In countries where private ownership is a dominant system: (1) Resources are socially owned, with govt. acting as a trustee. (2) Laws concerning the property rights are enforced by government. (3) Monopolization of each productive resource is inevitab

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  • Q : When recently develope theory least

    Recently developed theory is least probable to evolve in common sense when this fails to: (i) conform to the principle of Occam’s razor. (ii) be consistent along with extensively-accepted previous theories. (iii) have realistic assumptions. (iv) accurately descr

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  • Q : When is Scarcity a problem become

    Scarcity is a problem for: (w) poor countries merely. (x) individuals only when they are poor. (y) capitalists, but not socialists. (z) all people and countries, rich and poor alike. Can someone explain/help me wit

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  • Q : Efficiently distribution of goods If

    If goods are efficiently distributed in between households, then all family is: (w) sure to lose when any income redistribution arises. (x) treated equitably. (y) and also off as possible without making any other family worse off. (z) able of gaining by a better distr

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