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   Related Questions in Public Economics

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    I have a problem in economics on Comparative Systems- Socialism. Please help me in the following question. From roughly 1890 till year1990 or thus, the main challenger of capitalism was: (1) Monarchy. (2) Fascism. (3) Socialism. (4) Anarchism.

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    The movement towards laissez-faire policies would best be described by a strategy to: (1) Stimulate the domestic production by raising import tariffs. (2) Remove laws to subsidize farming. (3) Guarantee food stamps for fundamental survival. (4) Functi

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  • Q : Explains economic problem posed for

    The chorus of a Rolling Stones' song begins along with a line that is, "You can't always acquire what you wish for," that broadly explains the economic problem posed by which factor: (v) scarcity, (w) opportunity costs (x) human greed (y) diminishing returns and (z) marginal utility? How

  • Q : Explain the invisible hand as automatic

    Adam Smith’s phrase “the invisible hand” considers to the automatic: (w) withholding of taxes before worker receive paychecks. (x) charitable instincts most people display when confronted by poverty. (y) coordination

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    Q : Mixed economy of a market system

    Whenever compared to a mixed economy which relies primarily on the market system, the society which relies relatively greatly on brute force, queuing, and arbitrary selection tends to experience: (1) Powerful reducing returns. (2) Opportunity costs to drop. (3) Fast t

  • Q : When are relative prices serving as

    The behavior on the given list most consistent along with relative prices serving like a rationing device, and not mainly as incentives, would be as: (i) Marcia, a status-seeking social climber that turning down requests of Wayne for dates after seeing small numbers u

  • Q : Define the root of normative economics

    Value judgments which address what “must be” are at the root of: (1) microeconomics. (2) scarcity economics. (3) normative economics. (4) positive economics. (5) macroeconomics. How can