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   Related Questions in Public Economics

  • 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 : When is a good taken as scarce Can

    Can anybody suggest me the proper explanation for given problem regarding scarcity in economics generally? A good is taken as scarce when people: (w) lack the funds required to make sure their survival. (x) require

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  • Q : Dealing of technical efficiency in

    Technical efficiency deals along with problems of: (w) Maximizing the value of production. (x) Curing inequity. (y) Concentrating wealth more totally. (z) Redistribution from rich to poor. Can anybody suggest me the proper explanat

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  • Q : Explain Economics as the extensive

    Economics can be explained as the extensive study of the effects of: (w) money and why having this is good. (x) production costs and profits. (y) how people attempt to gratify their boundless needs. (z) purchases, acquisitions and mergers.

  • Q : Comparative Systems- Central planning

    Can someone help me in finding out the right answer from the following options. The command economy is mainly based on: (i) Laissez faire govt. policies and private property rights. (ii) ‘kolkhoz’ decision making. (iii) Well tuning production to match the

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  • Q : Explain about the Economic Model

    Economic models are most generally based upon: (i) specification of all interdependencies among all relevant economic variables. (ii) “other things equal” assumptions. (iii) equations which specify how to maximize financial profits. (iv) a

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  • Q : Illustrate the argue by David Hume

    Argument by David Hume that: (w) money is a “veil” which hides the actual workings of the economic system. (x) Corn Laws prevented English workers through competition through low-wage foreign workers. (y) capitalism is the system mainly co

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  • Q : Building blocks for a capitalist system

    Building blocks for a capitalist system comprise: (i) supplies and demands. (ii) private property rights. (iii) laissez-faire policies. (iv) market-determined prices and outputs. (v) All of the above.I need a good answer on the topic of Economic problems

  • Q : Limitation of resource category of

    I need a good answer on the topic of Economic problems. Please give me your suggestion that the economists’ resource category of “land” would not contain: (1) coal, petroleum, and other minerals. (2) the fish and water within the oce

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  • Q : Crime punishment suggest by Jeremy

    Suggestion of Jeremy Bentham that crime must be punished proportionally to the harm completed to society, but without consideration of intent, remorse or motive.” His proposal would result within more than the optimal amount of crime due to the:

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