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   Related Questions in Public Economics

  • Q : Rational behavior in Economic Reasoning

    Please help me to solve the problem of Economic Reasoning that is given below: Rational behavior should be: (i) Consistent along with reaching an identified goal. (ii) Ethical behavior. (iii) Good

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  • Q : Government as a trustee on nonhuman

    Can someone please help me in finding out the accurate answer from the following question. Government acts as the trustee over nonhuman resources beneath: (i) Laissez-faire capitalism. (ii) Socialism. (iii) Fee-simple property rights systems. (iv) Feu

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  • Q : Explain the problem of Self Interest in

    As per the view of humans as Homo economics, individuals: (w) can simply achieve states of whole satisfaction. (x) must learn to get by along with what they have. (y) want to maximize personal satisfaction by self-interested behavior. (z) have fewer requirements as th

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  • Q : Define problem of restricted resources

    Alex wants a limitless supply of ice cream, flip-flops and candy bars. However, restricted resources and the time needed to produce these staples leaves Alex facing a problem termed as: (i) scarcity. (ii) disappointment. (iii) insufficiency. (v) inadequacy. (v) hunger. Hello guys I want y

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  • Q : When is Self-interest evident How can I

    How can I solve my following problem? Please suggest me the correct answer. Explain reason Self interest is evident while: (i) A mugger utilizes a $1 bullet upon his victim to take $100 by his wallet. (ii) Helen cr

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  • Q : Problem regarding Property Rights Can

    Can someone help me in finding out the right answer from the following options. Fee simple rights don’t comprise the right to: (1) Demolish your property. (2) Sell your property. (3) Employ your property for your own advantage. (4) Damage another’s propert

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  • Q : Define subjective opportunity cost for

    Can someone explain me with excellent solution about problem of economic concept of Opportunity Cost... If you exchange your Audi for a race horse you hate, and exchange the race horse for 100 shares of gold-mine stock you believe

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  • Q : Illustration of Economic Reasoning by

    Occam’s razor refers to the idea which while evaluating a theory: (1) good theory describes the phenomenon as simply as possible, but not moreso. (2) complexity is obvious to make sure that correct answers are reached. (3) conformity along with

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  • Q : Problem on private property rights and

    I have a problem in economics on private property rights and laissez faire. Please help me in the following question. The basics of pure capitalism comprise: (i) Social ownership of all non-human resources. (ii) Strong two party electoral system. (iii

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  • Q : Economics as a region of study

    Economics like a region of study largely focuses upon: (1) class, power and status relationships. (2) Government policies to cure poverty. (3) Scarcity and decision making. (4) Accounting and financial relationships. (5) profit-maximizing business strategies.