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   Related Questions in Public Economics

  • Q : Best theory according to razor of Occam

    I need a good answer on the topic of Economic problems. Please give me your suggestion that as per to Occam's razor, the excellent theories are: (v) The most logical and complex. (w) Ideal mirrors of each aspect of reality. (x) Simply proven by using

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  • 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 : Fundamental categories for economic

    The four fundamental categories for economic resources are: (w) matter, energy, technology and information. (x) wages, rent, interest and profits. (y) land, labor, capital and entrepreneurship. (z) machinery, energy, workers and government.

  • Q : Example of Relative Price Suppose a

    Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda.

    Q : Case of fuel efficient machinery in

    If the soybean market begins in equilibrium on S0D0, and in that case farm machinery becomes more fuel efficient, the market changes to: (1) S0D1. (2) S1D2. (3) S1D0. (4) S2D1

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  • Q : Define the normative economic statement

    Which of the given is a normative economic statement? (1) Most Republicans favor the death penalty for murderers. (2) Punishment which is surer, swifter, and harsher decreases the rates of violent crime. (3) Most Democrats oppose the death penalty for

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  • Q : Problem on public sector The word “

    The word “public sector” signifies to: (1) Stockholders and households. (2) Investors and Consumers. (3) Households and investors. (4) Democratic voting systems. (5) All actions of government. Find out the right answer from the above optio

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  • Q : Human happiness in an economic problems

    Can someone help me along with best solution about problem of economic that anything which adds to human happiness is an economic: (1) factor of production, (2) good, (3) commodity, (4) resource and (5) product? How can I solve my economics problems w

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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 on private property rights and

    I have a problem in economics on private property rights and laissez faire. Please help me in the following question. The basics of pure capitalism comprise: (i) Social ownership of all non-human resources. (ii) Strong two party electoral system. (iii

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