Reallocation of resources-Government budget
Describe the Reallocation of resources objective of the government budget.
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Through Budgetary policy the government directs the assigning of resources in a way such that there is a balance among goal or of gain maximisation and social welfare. The Government can give subsidy and reduction in tax rate to motivate investment into regions where private sector initiative is not coming. Production of goods that are injurious to social life is discouraged via heavy taxation.
Propensity to consume: This exhibits the level of consumption at various levels of income in the economy.
Question: (a) Suppose the income elasticity of demand for pre-recorded music compact disks is +4 and the income elasticity of demand for a cabinet maker's work is +0.4. Compare the impact on pre-recorde
A small neighbourhood grocer in a big town mainly close approximates a: (i) pure competitor. (ii) monopolist. (iii) monopolistic competitor. (iv) oligopolist. (v) monogamist. Hello guys I want your advice. Please recommend some vie
When industry expansion or contraction does not influence the prices of resources used through its firms, then the industry tends to experience: (w) increasing costs. (x) constant costs. (y) decreasing costs. (z) diseconomies of scale. Q : Discounted present value of future net A fundamental principle of finance is that the value of any of investment is: (w) the discounted present value of all future net cash flows expected by the investment. (x) negatively related to the future net cash flows generated from the investment. (y) the sum of al
A fundamental principle of finance is that the value of any of investment is: (w) the discounted present value of all future net cash flows expected by the investment. (x) negatively related to the future net cash flows generated from the investment. (y) the sum of al
The price taker in labor market: (1) Can set the salary that it will pay for the labor it hires. (2) Can set the salary at which it supplies the use of its labor. (3) Doesn’t care what salary it pays or obtains. (4) Can’t influence the wage recognized by t
Total revenue for the firm in illustrated figure is __________ __________ total cost.: (w) greater than (x) less than (y) equal to (z) Cannot be determined by the information given. Q : Consequence of successful product Maggie thinks there are main differences among Crest, Colgate, Aquafresh and Rembrandt toothpastes, and eventually chooses Crest. Therefore her perception is mainly a consequence of: (1) successful product differentiation. (2) monopolistic competition. (3) informative
Maggie thinks there are main differences among Crest, Colgate, Aquafresh and Rembrandt toothpastes, and eventually chooses Crest. Therefore her perception is mainly a consequence of: (1) successful product differentiation. (2) monopolistic competition. (3) informative
The computer hard disk manufacturer can make a decision how many people to hire and how many supplies to purchase however can’t change the size of factory. This organization is: (1) Operating in short run. (2) Operating in long run. (3) Vertically integrated. (4
If a monopolist’s marginal revenue is zero, then: (1) total revenue is zero. (2) demand is perfectly inelastic. (3) the price of the product exceeds average cost. (4) economic profit is zero. (5) total revenue is maximized. Discover Q & A Leading Solution Library Avail More Than 1425397 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1922292 Asked 3,689 Active Tutors 1425397 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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