Describe four important areas to emphasize Expenditures
Describe four important areas to emphasize Expenditures?
Expert
Expenditures emphasize four important areas as follows:
1. Income security,
2. National defense,
3. Health, and
4. Interest on national debt.
Elucidate “Ticket Scalping: A Bum Rap”?
When the prices for doughnuts and croissants are $.50 and $1 correspondingly: (w) the opportunity cost for one doughnut is two croissants. (x) this is better to buy two doughnuts than one croissant. (y) one croissant will make Pierre twice as happy as one doughnut. (z
Explain the following from Hull, England a news dispatch: “The fish market here slumped today to what local commentators called a ‘disastrous level’—all because of a shortage of potatoes”.
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Illustrate Freedom of enterprise and choice exist?
Entrepreneurs: (w) undertake risky forms of production to gain uncertain profits. (x) obtain interest payments for their services. (y) are usually overcompensated for their innovations. (z) receive virtually all their wealth by inheritance.
Illustrate the complex cases when both supply and demand shift?
Please help me to solve the problem of economic that is given below: Economists describe economic costs as like: (w) money outlays. (x) accounting cost. (y) opportunity cost. (z) v
Not between concepts explained in Adam Smith’s Wealth of Nations was the conception which net benefits occur from: (1) specialization and trade according to comparative advantage. (2) the division of labor in production processes. (3) reliance o
Explain: “Affluence tomorrow requires sacrifice today.”
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