Important source of revenue and major type of expenditure
What is the most important source of revenue and the major type of expenditure at the Federal level?
Expert
At the Federal level, the most important source of revenue is the personal income tax. The main expenditure is for income security.
Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : External costs and external benefits Explain the impact of external costs and external benefits on resource allocation
Explain the impact of external costs and external benefits on resource allocation
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good. Answer:
Illustrate “freedom is to some extent illusory”?
Describe the Promoting stability?
Advertising costs or persuasive advertising: When the expenses incurred by a find to persuade the potential consumer to present their brands or products as different or better compared to another brands or products is termed as advertising costs or pe
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi
In perfectly competitive market, the market demand and market supply curves are provided by Qd = 1000 −10Pd and Qd = 30Ps. Assume that the government gives a subsidy of $20 per unit to each and every seller in the mark
Describe Quasi-public goods?
18,76,764
1955339 Asked
3,689
Active Tutors
1414643
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!