Spending on rail safety
‘How be supposed to the government decide whether to spend in additional rail safety measures?’
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Consider the significance of marginality and opportunity cost in answering such questions in welfare economics.
The interest rate will probably fall when households decide to: (w) consume more currently, shrinking the loanable funds obtainable for business investments. (x) buy new homes in place of restoring their old ones. (y) increase the liquidity of their a
Profits are: (i) rewards for innovating and enduring uncertainty. (ii) economic, not normal, under pure competition. (iii) reduced through monopolistic business practices or structure. (iv) payments for providing capital. (v) payments to resource owne
The Department of the Census explains low relative income as experienced while families: (w) lack sufficient income to buy the fundamental food clothing and shelter required for survival. (x) would like to improve the
Poverty within the United States can be explained most properly by: (w) differences in effort and sacrifice. (x) voluntary choices of low income persons to consume more leisure at the expense of more income. (y) monopsonistic exploitation of labor by
The law of demand implies a relationship which: (i) Apply merely in the market economy. (ii) Needs government enforcement to work. (iii) Is negative among price and quantity demanded. (iv) Applies merely whenever scarcity is cured.
must use graphs to demonstrate/support answers where available. Submission is to be made tonight, so needs to be finished urgently
For each case listed below, first state whether the change results in an increase or a decrease in demand, or in an increase or a decrease in supply. Second, determine the direction of change in both the equilibrium price and the equilibrium quantity. a.  
Can someone please help me in determining the right answer from the following question. The three fundamental assumptions required to construct a model of the production possibilities frontier do not comprise: (1) Reducing marginal returns to producti
Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments
When an oligopolistic firm increases its price, in that case the demand this faces will be: (1) more elastic if the other firms in the industry raise their prices. (2) less elastic when no other firms in the industry raise their prices. (3) more elast
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