Profit motive is thought to be one of the main drivers behind economic activity.Economistshave often tried to figure out why people do the things that they do. Some answers point to simple survival. In most situations, people need some form ofincometo pay for the necessities of life. But w...
'Gray' vs. 'Grey': What is the difference? What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Popular in Wordplay See All Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words with Fascinating Histories ...
According to a 2006 report from the Congressional Research Service, the windfall profits tax (WPT) generated $80 billion in gross revenues between 1980 and 1988, "significantly less than the $393 billion projected. Due to the deductibility of the WPT against the income tax, cumulative net WPT ...
Governments use a combination of fiscal and monetary policy to control the country’s economy. To stimulate the economy, the government’s fiscal policy will cut tax rates while increasing its spending. To slow down a “runaway” economy, it will raise taxes and reduce spending. Should it bec...
The meaning of INFLATE is to swell or distend with air or gas. How to use inflate in a sentence. Synonym Discussion of Inflate.
B、the economist includes the opportunity cost of owner-supplied inputs in total cost. C、accountants cannot maximize. D、economists cannot add or subtract correctly.查看答案更多“An economist’s definition of profit differs from that of an accountant because”相关的问题 第1题 The book value of...
known by some economists as theFather of Modern Economics, is credited as the first economist to develop the theory of public goods. In his 1954 paper –The Pure Theory of Public Expenditure– he defined public goods, which he referred to in the paper as‘collective consumption goods’, as:...
Certain economists argue against the popular opinion that sweatshop labor should be considered___. Sweatshop supporters argue that the workplaces are a necessity for poor countries. Sweatshop workers actually earn more than average in those countries. Following this train of thought, sweatshops are...
In contemporaryneoclassical economicmodels, there are circumstances where the actual supply of a good or service falls below the theoreticalequilibriumlevel—an unwanted shortage, which creates what economists call a market failure. One form of correcting this imbalance is to subsidize the good or servi...
Point of View: It's Personal Plural and Possessive Names: A Guide What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Popular in Wordplay See All 8 Words with Fascinating Histories ...