Elucidate state expenditures and receipts for all states
Elucidate state expenditures and receipts for all states in 1998?
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State expenditures and receipts for all states in 1998 are illustrated below:-
1. State revenues primarily come from sales taxes and secondly from personal income taxes.
2. State spending goes for public welfare, education, highways, and health care.
Distinguish between allocative efficiency and productive efficiency. Give an illustration of achieving productive, but not allocative, efficiency?
The first comprehensive work upon economics written within English was authored through Adam Smith in 1776 year and entitled that “An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand.” (2) Wealth of Nations.” (3
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Writ short note on the income of functional distribution?
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
Economic efficiency is present while the: (w) economic system is a pure socialist system. (x) resources obtainable are slightly wasted. (y) value of output is maximized, specified restricted resources. (z) utilization of resources is minimized. <
Write short note on Demand?
Illustrate Qualification in International Trade?
An individual seller within perfect competition will not sell at a price lower than the market price since: w) demand for the product will exceed supply. x) the seller would begin a price war. y) the seller can sell any quantity she desires at the prevailing mar
Question: Monica has been considering buying a mountain bike. Last month Monica had an income of $30,000. The bike's price was $1000, the composite good price was $1, and she decided not to buy the bike. This month Monica was surprised t
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