--%>
Assignment Help - homework help

How the production of public goods will be enhanced

Plot a production possibilities curve along with public goods on the vertical axis and private goods on the horizontal axis. Supposing the economy is initially operating on the curve, denote how the production of public goods might be enhanced. How might the output of public goods be enhanced if the economy is initially operating at a point inside the curve?

E

Expert

Verified

On the curve, the only way to get more public goods is to decrease the production of private goods (from C to B). An economy operating within the curve can expand the production of public goods without sacrificing private goods (say, from A to B) by making employ of unemployed resources.

 

2381_Private goods -public goods.png

   Related Questions in Finance Basics

  • Q : What can a financial institution do for

    What can a financial institution frequently do for a surplus economic unit which it would have complexity doing for itself if the surplus economic unit (SEU) were to deal directly along with a deficit economic unit (DEU)?Usually, Surplus economi

    		•
  • Q : What is the Character of Expenditure

    Character of Expenditure: A classification recognizing the major purpose of expenditure, like State Operations, Local Assistance, Capital Outlay, or Unclassified.

    		•
  • Q : Describe formula to figure out

    Normal 0 false false

    		•
  • Q : Explain Supplement-Schedule 7A

    Supplement (Schedule 7A): In such documents, for precedent year, authorized positions symbolize the number of real positions filled for that year. For present year, authorized positions comprise all regular ongoing positions accepted in the Budget Act

    		•
  • Q : Problem of time lags in enacting and

    Normal 0 false false

  • Q : Question related to MPC Normal 0 false

    Normal 0 false false

  • Q : Compounded Quarterly In Financial

    1. If you deposit money today in an account that pays 4.3% annual interest, how long will it take to double your money? Round your answer to the nearest whole. years 2. Find the present value of the following ordinary annuities. Ro

    		•
  • Q : Explain Expenditures by Category

    Expenditures by Category: A budget display, for each and every department, which reflects actual precedent year, estimated present year, and proposed budget year expenses presented by the character of expenditure (example, State Operations and/or Loca

    		•
  • Q : What is Legislative Analysts Office

    Legislative Analyst’s Office (LAO): A non-partisan organization which gives advice to the Legislature on the fiscal and policy matters. For illustration, the LAO annually publishes a full analysis of the Governor's Budget and this document becom

    		•
  • Q : Financial strategy describe the sales

    describe the sales forecasting process ?

    		•