Who will get the goods and services
Who will get the goods and services?
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1. The answer to this question is directly related to how the income is distributed among the individuals and the households and the tastes and preferences of consumers.
2. Products go to those who are willing and able to pay for them.
3. The productivity of the relative supply as well as the resources of particular resources also the possession of resources will determine the income of individuals and households.
4. The resource markets are linked to this decision, which conclude income.
Illustrate the supply curve and also determinants of supply?
Society gains from the activities of intermediaries which succeed within: (1) falling uncertainty and transaction costs for last consumers. (2) arbitrating strikes and defending workers’ rights. (3) creating productive jobs for unskilled workers
Drinking at a public water fountain is: (w) a public good because anyone may drink from it. (x) results in a negative externality because others can’t drink from this at similar time. (y) a positive externality because you are benefiting by other’s provisi
Illustrate the Comparative advantage and terms of trade?
Explain the statement: “Facts serve to sort out good and bad hypotheses.”?
Illustrate other than price many factors determine the outcome?
Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.
Describe Spillovers and externalities?
Describe briefly high financial leverage, low operating leverage?
Use the circular flow model to confirm this assertion for a 2% reduction in the Federal corporate income tax.
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