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   Related Questions in Public Economics

  • Q : Closest to being a free good in

    The closest to being a free good of the one given would be: (i) a scholarship for a brilliant but impoverished student. (ii) Free “meals on wheels” programs for the aged and infirm, (iii) a winning lottery ticket you determined on the side

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  • Q : Why every society confronts the problem

    Each society confronts the problem of scarcity since: (i) human wants are virtually limitless relative to the resources obtainable. (ii) technology, resources and human potential are limitless. (iii) most people can't have enough money the goods they

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  • Q : Requirement of technically efficient

    I need a good answer on the topic of Economic problems. Please give me your suggestion that for production to be technically efficient needs that the: (i) Maximum benefits are acquired at the highest possible cost. (ii) Opportunity costs of production

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  • Q : Idealized version of pure capitalism

    Beneath an idealized version of the pure capitalism, governments would be least probable to offer: (1) Judicial systems to defend private property rights. (2) National defense. (3) Standardized forms of money. (4) Court systems to implement contracts.

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  • Q : Better off and worse off condition in

    When an economic change makes ten percent of the population better off and has no consequence on the economic welfare of the other ninety percent, in that case: (w) the community is better off. (x) the community is worse off. (y) community economic welfare does not ch

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  • Q : Problem on public sector The word “

    The word “public sector” signifies to: (1) Stockholders and households. (2) Investors and Consumers. (3) Households and investors. (4) Democratic voting systems. (5) All actions of government. Find out the right answer from the above optio

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  • Q : Technological advance in costs All else

    All else equivalent, when the output of one good raises, the output of other goods: (1) Should fall in an underemployed economy. (2) May rise as well when society begins on its PPF. (3) Will drop in an efficient and completely employed economy. (4) Essentially experie

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  • 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

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  • Q : Illustrate new public housing rent free

    Giving new public housing "rent free" to the poor: (i) makes public housing a free good. (ii) involves no opportunity cost. (iii) is the merely way to shelter the homeless. (iv) only transfers costs from one group to the other. Ple

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  • Q : Current situation- better off without

    When it is possible to make somebody better off without making anybody worse off, the current condition is: (w) efficient. (x) inefficient. (y) optimal. (z) simply enhanced. How can I solve my problem of Economic Efficiency

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