--%>
Assignment Help - homework help

Occurrence problem of Economic Inefficiency

Economic inefficiency is most obviously a problem while: (i) Elmer hates Alpo but eats this so he can afford a cheap daily bottle of Gertrude's Hi Test Wine. (ii) Emma forgot to turn off the water and this runs down the street in a storm sewer six blocks away. (iii) Mr. and Mrs. Smurf are dismayed while their son Clyde, a soap opera addict, flunks out of school. (iv) Elvis sings ten times better and drives a truck double and also Ralph, but both sing and drive since no trade arises. (v) Orpheus and Eurydice fall within love and live happily ever after.

Hello guys please illustrates your point of view about the problem of Economic Inefficiency....

   Related Questions in Public Economics

  • Q : Decision making and outputs as well as

    Particular decision making and how outputs and prices are determined are the mainly focus of: (w) Occam’s razor (x) microeconomic analysis. (y) macroeconomic theory. (z) economic efficiency Hey friends please give your opinio

    		•
  • Q : How would be an example of a free good

    An example of a free good would be: (1) a cool breeze upon a hot humid day. (2) DVDs specified as door prizes to the first 100 shoppers at the grand opening of a Best Buy. (3) the care and attention mothers provide babies. (4) trinkets at the Dollar Store that cost me

    		•
  • Q : Explain about the good economics models

    Good economic models are: (1) intricate models of all aspects of the actual economy. (2) designed to create economics hard. (3) simplifications of the real world. (4) scientific only when expressed mathematically.

  • Q : When are all resources encompassed All

    All resources are encompassed through the classes of labor: (i) industrial robots, energy, and raw materials. (ii) capital, entrepreneurship, and knowledge. (iii) land, entrepreneurship and capital. (iv) entrepreneurship, investment and materials. (v)

    		•
  • Q : Circular flow models of markets I have

    I have a problem in economics on Circular flow models of markets. Please help me in the following question. In a simple circular flow model of markets, the eventual ‘owners’ of all labor and non-labor resources are classified as: (i) Emplo

    		•
  • Q : Prohibition in illustrations of

    Illustrations of normative statements would not comprise assertions which: (1) premeditated murderers deserve the death penalty. (2) Leonardo DiCaprio is a terrible actor. (3) AIDS and HIV are transmitted through sexual contact. (4) women must be paid

    		•
  • Q : Existence of economic inefficiency

    Economic inefficiency exists while there is: (1) A society suffers through economic inequity. (2) No approach for anyone to gain unless someone else loses. (3) Additional output could be generated at lower cost. (4) Maximum net benefits are acquired f

    		•
  • Q : Allocative mechanisms of Economic

    Economic systems (example: capitalism versus socialism) are mainly distinguished by their relative reliance on alternative allocative mechanisms, and particularly by: (1) Who builds major economic decisions and who owns non-human resources. (ii) The level of inequalit

    		•
  • Q : What is made by a progarm I need a good

    I need a good answer on the topic of scarcity economic problems. Please give me your suggestion that program, which gives health care at no charge to patients would create: (w) top quality health care obtainable to somebody. (x) health care a free goo

    		•
  • Q : Punishment to criminals devoid of

    The early philosopher who argued about criminals must be punished proportionally to the harm completed to society, but without consideration of remorse, intent or motive was: (1) John Stuart Mill. (2) Edwin Chadwick. (3) Jeremy Bentham. (4) Adam Smith. (5) Aristotle.<

    		•