Expansion of preschool programs for disadvantaged children
Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?
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This is shown as an increase in goods and services from government to households or as a decrease in net taxes, which is equivalent to an increase in transfer payments. In either case, this is a redistribution of income or services in favor of the less well off. As additional teachers are hired and paid, there will be an increase in resources paid by the government.
There will be some reallocation of resources from private enterprise to government and some decrease in unemployment, unless the economy is already at full employment. In this case, there will some upward pressure on prices since, to the extent the program is a transfer payment, there will be no increase in production.
Describe the Personal distribution of income?
1. The owner of a firm calculates that next year's profit will be $1,000. Each successive year profit will increase by 10% (i.e. year 2: $1100; year 3: $1210 and so on.) At the end of the 5th year the firm could be sold for $20,000. A) if the appropriate di
What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
Elucidate an example of simultaneous changes in both supply and demand?
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
Distinguish between a change in supply and a change in the quantity supplied?
Question Can you describe what the production function for the game looks like? (How are labour, capital and resources combined? Are there constant, increasing or decreasing returns to scale?) Answer Q : Entertainment tax-Indirect tax Why Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Who are the major players in international trade today? Besides Japan, what other Asian nations play significant roles in international trade?
Elucidate Participants in international trade of U.S. and World Trade?
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