Expansion of preschool programs for disadvantaged children
Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?
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This is shown as an increase in goods and services from government to households or as a decrease in net taxes, which is equivalent to an increase in transfer payments. In either case, this is a redistribution of income or services in favor of the less well off. As additional teachers are hired and paid, there will be an increase in resources paid by the government.
There will be some reallocation of resources from private enterprise to government and some decrease in unemployment, unless the economy is already at full employment. In this case, there will some upward pressure on prices since, to the extent the program is a transfer payment, there will be no increase in production.
Describe three ways to finance corporate activity. Make a case that stocks are more risky for the financial investor than are bonds?
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
Society gains from the activities of intermediaries which succeed within: (1) falling uncertainty and transaction costs for last consumers. (2) arbitrating strikes and defending workers’ rights. (3) creating productive jobs for unskilled workers
What is the difference between qualitative data and quantitative data, provide an example of each.
What is the basic principle of comparative advantage?
Which of the given describes a condition in which a good or service is produced at the lowest probable cost: w) productive efficiency. x) allocative efficiency. y) marginal efficiency. z) profit maximization Please
What do you mean by Supply?
Explain Government expenditures on goods and services and transfer payments?
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
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