Describe four important areas to emphasize Expenditures
Describe four important areas to emphasize Expenditures?
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Expenditures emphasize four important areas as follows:
1. Income security,
2. National defense,
3. Health, and
4. Interest on national debt.
Economic efficiency needs that, relative to the other goods which different individuals might consume, the people who value exact goods relatively the most should own and/or use all goods. Such principle is termed as: (i) economic equity. (ii) allocat
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A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. The cost of each good is $10. Calculate the firm's short-run profit or loss. w) loss of $6,000. x) profit of $6,000. y profit of $30,000. z) There is insufficient
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