he subject matter of public economics falls into the two general categories of O b. coercion action; individual liberty O c. revenue generation; government spending Od civilian activities: military duties and

Natural resources are: a. not considered scarce because no one pays for them. O b. not used in producing luxury goods. c.not considered scarce because they are not produced by society. d. renewable and exhaustible. e. available in unlimited quantities.

The phenomenon of scarcity stems from the fact that O governments restrict production of too many goods and services. O in most economies, wealthy people consume disproportionate quantities of goods and services. most economies' production methods are not very good. resources are limited.

Almost all states levy sales taxes on retail products, but about half of them exempt purchases of food. In addition, virtually all services are exempt from state sales taxes. a. The exemption of food from sales taxes is most likely explained by what? A. Attaining social objectives. B. The ability-to-pay principle. OC. The horizontal-equity principle. OD. The benefits-received principle. b. The exemption of services from sales taxes is most likely explained by what? A. The ability-to-pay principle B. Attaining social objectives such as avoiding tax evasion. OC. The benefits-received principle. D. The horizontal-equity principle.   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Answering which of the following questions is not part of "organizing economic activity," described in class? O How should we distribute output? O What should we produce? O How should we produce output? O What prices should we charge? Question 3 2. MacBook Air 吕口 F3 F5 F6 F7 F8 #3 2$ & 3 4 6. 7 8 E R Y LL

An economy will achieve productive efficiency when it ___ and will achieve allocative efficiency when it  ___. s producing the combination of goods and services that most benefit the people in the economy; Is maximizing production and could not increase production of both goods at the same time.   Is maximizing production and could not increase production of both goods at the same time; is producing the combination of goods and services that most benefit the people in the economy.   Is maximizing production and could not increase production of both goods at the same time; is producing an equal amount of both goods.   Is producing beyond the production possibility frontier; is producing inside the production possibility frontier.

QSHAKES 1 4 2 3 5 6 7 8 1 shake and 1 burger Select one: O a. 6 shakes and 0 burgers O b. 5 shakes and 1 burger Ос O d. 6 shakes and 2 burgers MUSHAKES 36 32 elevision programs are non-rival because 28 24 20 16 12 8 QBURGERS 1 2 3 4 5 6 7 8 MUBURGERS 45 40 35 30 25 David's marginal utilities for milkshakes and burgers are given in the accompanying table. The price of milkshakes is $2, and the price of burgers is $5. If David's income is $22, how many milkshakes and how many burgers does he buy to maximize his utility? 20 15 10

Only need correct answer

Choose the statement or statements that are correct. 1. The value of one more unit of a good or service is its marginal benefit. II. Marginal benefit equals the total amount we spend on a good or service. III. Marginal benefit is the maximum amount willingly paid for another unit of a good or service. O A. I only OB. II only O C. Ill only OD. I and III OE. I, II, and III ww.