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.
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
Describe what do you mean by European Union (EU)?
The key model underpinning David Hume’s price-specie flow mechanism which most mercantilists failed to grasp is termed today as: (i) the equimarginal principle. (ii) the wages-fund doctrine. (iii) the quantity theory of money. (iv) partial equil
Distinguish between a change in supply and a change in the quantity supplied?
What do you understand by the term internal rate of return?
What are the scientific method that Economists use to establish theories, laws, and principles?
The new supply and demand curves within University City are S0 and D0. But after the county commission imposed at $3 per six-pack excise tax upon beer: (w) beer sellers' revenue after taxes decreases by $60,000 monthly. (x) buyers and sellers eac
Briefly describe composite cost of capital? And also describe the procedure to calculate composite cost of capital?
Least consistent along with Adam Smith’s theory of wages would be the suggestion that wages vary positively along with the: (w) effort required to learn skills necessary to accomplish particular types of work. (x) stability of employment and the
Jeremy Bentham’s musings given main philosophical foundations for: (1) the abolition of slavery. (2) syndicalism. (3) free international trade. (4) feudalism. (5) utilitarianism. Can someone explain/help me w
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