Describe Quasi-public goods
Describe Quasi-public goods?
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Quasi public goods are those that have large spillover benefits, so government will sponsor their provision. Otherwise, they would be underproduced. Medical care, education, and public housing are examples.
Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
Describe three ways to finance corporate activity. Make a case that stocks are more risky for the financial investor than are bonds?
What does high or low operating leverage specify?
Illustrate how receipts come from several sources in Federal Finance?
According to the equivalent share criterion of the distribution, individuals must: (1) Share income according to personal requirement. (b) All make equivalent shares of output. (3) Each consists of incomes equivalent to their productive output. (4) Re
Provide some sources of not tax revenue? Answer: Escheat, income from public enterprises, special assessment, fees and fines and so on.
Define the following terms?
Briefly explain the term Average cost and Marginal cost?
Elucidate how Personal income tax is a major source?
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
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