Major type of expenditure at the state level
What is the most important source of revenue and the major type of expenditure at the state level?
Expert
At the state level the most important sources of revenue are sales, excise, and gross receipts taxes, followed by personal income taxes. The main expenditures are for public welfare, with education running a very close second.
Illustrate “Other Things Equal” Revisited in Supply and Demand, and Equilibrium?
In modern parlance, David Hume statement regarding money which is Tis none of the wheels of trade. And tis the oil, was referring to the notion that money: (i) is relatively costly to produce. (ii) facilitates divisions of labor and specialization and
Describe GDP gap and Okun’s Law?
Why producers not be able to find enough paying buyers for “public goods”?
What happens in the resource markets?
Suppose you arrive at a store expecting to pay $100 for an item, but learn that a store two miles away is charging $50 for it. Would you drive there and buy it? How does your decision benefit you? What is the opportunity cost of your decision? Now suppose you arrive at a s
Write down the different types of leverages which are computed for financial analysis?
Describe unanticipated inflation?
Briefly explain how the competitive market economy will make the needed adjustments to reestablish an efficient allocation of society’s scarce resources?
While productive resources are utilized efficiently: (w) prices greatly exceed production costs for current outputs. (x) opportunity costs are at their minimums for all goods. (y) domestic production exceeds the value of foreign output. (z) the value
18,76,764
1948583 Asked
3,689
Active Tutors
1434712
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!