If government decides to produce a collective consumption good, taxes have to be levied to finance the production. In evaluating government provision then, the benefits of public production have to be _____

a. high
b. weighed against the excess burden of taxation
c. positive
d. weighted against the tax incidence on poor families


b

Economics

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Which of the following is likely to be observed among unemployed individuals if the government offers generous unemployment benefits?

A) Higher motivation to look for a job B) Increased acceptance of low-paying jobs C) Lower current consumption D) Reduced motivation to look for a job

Economics

The cross-price elasticity between good X and good Y is positive. Other things being equal, if the price of X rises:

A. quantity of Y demanded decreases. B. quantity of Y demanded increases. C. a consumer spends more on good Y than on good X. D. a consumer spends more on good X than on good Y.

Economics

India lags China in the development of a large manufacturing sector

Indicate whether the statement is true or false

Economics

What effect does the entry of new firms in a monopolistically competitive market have on the economic profits of existing firms in the market? How might existing firms attempt to counteract this effect?

What will be an ideal response?

Economics