Elucidate reallocation of Government resources
Elucidate reallocation of Government resources?
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1. Government can increase demand by providing subsidies like food stamps and education grants to subsidize consumers.
2. Government can finance production of good or service such as public education or public health.
3. Government can increase supply by subsidizing production, such as, immunization programs, higher education as well as public hospitals.
4. Government provides public goods and quasi-public goods and services.
“An increase in the American dollar price of the South Korean won implies that the South Korean won has depreciated in value.” Explain.
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model? What are the flows in the circular flow model?
Explain Unemployment, Growth, and the Future?
Quantity TR TC 0 $0.00 $10.00 1 $150.00 $30.00 2 $290.00 $50.00 3 $420.00 $80.00 4 $540.00 $120.00 5 $650.00 $170.00 6 $750.00 $230.00 7 $840.00 $300.00 8 $920.00 $
Economic Territory: This refers to the region of a country where there is a free movement of goods, capital and human resources.
Question: For a freely floating currency, currency i.____________________ occurs when the market value of a country's currency rises relative to the value of another country's currency, while currency ii.__________
Illustrate the advantage and disadvantage of Sole proprietorship?
Explain the statements: Entrepreneurs and business are at the helm of the economy.
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
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