Government budget
What will be an ideal response?
is based on outlays (expenditures) and incomes (taxes).
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The table below shows the weekly demand for hamburgers in a market where there are just three buyers.PriceQuantity Demanded by Buyer 1Quantity Demanded by Buyer 2Quantity Demanded by Buyer 3$6746597841510123211516Refer to the table. If there were 100 buyers in the market, each with a demand schedule identical to Buyer 3 in the table, then the weekly quantity of hamburgers demanded in the market at a price of $6 would be
A. 800. B. 700. C. 600. D. 400.
What is the difference between an invention and an innovation?
What will be an ideal response?
What is ‘market failure'? Explain one way in which government can help overcome such failure
What will be an ideal response?
Discounting allows comparisons of
A. money values and physical values. B. interest payments on borrowed funds and interest payments on loaned funds. C. money values received at different times. D. the quantities of outputs produced by different types of capital goods.