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.
In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates. Q : Introduction of the term Cost of capital Give a brief introduction of the term Cost of capital?
Give a brief introduction of the term Cost of capital?
surpluses drives price down,shortages drive up
Briefly explain the term Price Earnings Ratio (or P/E Ratio)?
The major implication of Adam Smith’s conception of an “invisible hand” was such that: (w) pursuit of individual self interest must be controlled. (x) most people lose sight of what’s good for society. (y) most
Using a random sample of 670 individuals for the population of people in the workforce in 1976, we want to estimate the impact of education on wages. Let wage denote hourly wage in 1976 U.S. dollars and let educ denote years of schooling. We obtain the following OLS regression line: wage = -0.54
In heterodox economics, what implications does technical change and vintage technology contain for the cost structure of the business enterprise?
What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
The price of KnickKnacks is $1 and the price of WigWags has increased with $2 to $3. Therefore: (w) absolute price of KnickKnacks has decreased and the relative price of WigWags has increased. (x) relative and absolute prices of KnickKnacks have
Illustrate the advantage of corporate form of organization?
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