Key economic functions to make our market economy

Assignment Help Microeconomics
Reference no: EM133784988

Assignment:

The public sector exists to fulfill three key economic functions to make our market economy and society run better. Please choose One of these three economic functions to explain why the public sector should take on this economic function instead of or in addition to the private sector.

Reference no: EM133784988

Questions Cloud

Model to predict future occurrences or observations : Model to predict future occurrences or observations of a phenomena Equation to verify statistical information
What unintended consequences of high use of plea bargains : What evidence supports that conclusion and how might the process indigent defense be related to plea bargains?
Describe education as a basic human right in pakistan : Describe the situation of education as a basic human right in Pakistan. complete answer of this question.
Differential Diagnoses Diagnosis : Define and the rationale elaborate on each the following diagnosis : Differential Diagnoses Diagnosis
Key economic functions to make our market economy : The public sector exists to fulfill three key economic functions to make our market economy and society run better.
Client discloses to a teleclinician : A client discloses to a teleclinician that he plans to kill himself. What should the clinician do?
What is a real-world example of a regressive tax : What is a real-world example of a regressive tax? Please discuss why this tax is regressive and what government can do to address the regressivity of this tax.
Determining which public service should be funded by tax : What is the most important criterion in determining which public service should be funded by tax and which one should be funded by fees?
Which is the newest component of the intelligence community : Which is the newest component of the intelligence community created by Congress after the events of September 11, 2001?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review 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:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd