Why producers not be able to find enough paying buyers
Why producers not be able to find enough paying buyers for “public goods”?
Expert
Producers would not be able to find enough paying buyers for “public goods” because of the free rider problem mentioned above. Therefore, “public goods” are not produced voluntarily through the market but must be provided by the public sector and financed by compulsory taxes.
Illustrate other than price many factors determine the outcome?
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Least probability of competitive market The competitive market system is least probable to be allocatively unproductive as a result of: (w) externalities and public goods. (x) cutthroat competition and the outsourcing of low-wage jobs to less grown countries. (y) the underproduction of a go
The competitive market system is least probable to be allocatively unproductive as a result of: (w) externalities and public goods. (x) cutthroat competition and the outsourcing of low-wage jobs to less grown countries. (y) the underproduction of a go
Illustrate a summary of what can cause an increase in demand?
Adam Smith and most of the typical economists who followed instantly in his footsteps: (i) viewed monopoly as no big problem. (ii) encouraged monopolies due to their research and development abilities. (iii) thought monopoly power was a communist plot
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Write down the different types of leverages which are computed for financial analysis?
Suppose that, based on a nation’s production possibilities curve, for 10,000 pizzas domestically an economy must sacrifice to get the one additional industrial robot it desires, but can get that robot from another country in exchange for 9,000 pizzas. To the fol
Why is the problem of unemployment a part of the subject matter of economics?
Briefly describe the term explicit cost and implicit cost?
18,76,764
1953524 Asked
3,689
Active Tutors
1442542
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!