Problem on Economic Ideologies

Can someone help me in finding out the right answer from the following options. Government makes numerous economic decisions and acts as the ‘trustee’ in owning and allocating most of the non-labor resources beneath an economic system of: (i) Centrally planned socialism. (ii) Capitalism. (iii) Decentralization. (iv) Democracy.

View Complete Question

Related Questions in Public Economics

Q : Illustrate positive economic analysis

Income tax rates were cut during 1981 year, and again in 2001 year. A question is here that, at least in theory, may be resolved through positive economic analysis is: (w) How do changes in tax rates influence employment and national

Q : Capitalism as a decentralized decision

The idea that a virtue of the capitalism is its decentralized decision making appeared when: (i) Social philosophers looked for the alternatives to feudal kings as the economic regulators. (ii) Russian imperialism fostered anti-communist sentiment fol

Q : Use of relative prices not inclde by

Please help me to solve the problem of economics that is given below: The functions of prices do not contain the use of relative prices like: (w) rationing devices. (x) mediums of exchange. (y) inf

Q : Technological change in extracting

Can someone help me in determining the right answer from the given options. A good illustration of technological change would be a discovery of a: (i) Pool of oil as big as any in Kuwait merely a bit south of Cleveland. (ii) Tenth planet as big as Neptune circling our

Q : Hypothesis included by normative

Please help me to solve the problem of hypothesis in normative statements in normative economics that is given below: Normative statements would consist of the hypothesis which: (v) Abuse of alcohol lowers GPAs. (w

Q : Explain Economics as the extensive

Economics can be explained as the extensive study of the effects of: (w) money and why having this is good. (x) production costs and profits. (y) how people attempt to gratify their boundless needs. (z) purchases, acquisitions and mergers.

Q : When recently develope theory least

Recently developed theory is least probable to evolve in common sense when this fails to: (i) conform to the principle of Occam’s razor. (ii) be consistent along with extensively-accepted previous theories. (iii) have realistic assumptions. (iv) accurately descr

Q : Causes of an increment in the price of

Please help me to solve the problem of price that is given below: A raise within the price of bread would: (i) Reasons more wheat to utilize to bake bread. (ii) Encourage more people to eat bread. (iii) Discourage

Q : Explain about the capital goods Capital

Capital goods are: (w) machines, equipment, buildings, and other enhancements to natural resources. (x) goods which indirectly contribute to human satisfaction. (y) resources which have been changed for use in the production of other goods. (z) All of

Q : Decisions and owns resources The

The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed.

Discover Q & A

Leading Solution Library

Avail More Than 1460653 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938069
Asked

3,689

Active Tutors

1460653

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment