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How does the concept of a balanced budget apply to state government?
Wiki User
∙ 8y ago
Only the operating budget must be balanced in state government.
Wiki User
∙ 8y ago
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How do concept such as psychological pricing and reference pricing apply to the marketing strategy?
pq is
What is inductive and normative methods?
The inductive method refers to a method whereby a new concept is given and then the learner is expected to apply the concept. The normative method on the other hand provides many examples on how a given concept is to be used.
How can you apply the economic concept of opportunity cost in your life?
This is an excellent question. We dont apply, our life stands on the foundation of opportunity cost, everytime you choose one thing over the other, you do it with the opportunity cost in mind, that the loss due to giving up what you rejected will be overdone by the gain from what you choose. This is true for everything in life, buying things, loving someone, or choosing death over life.
Is welfare a macroeconomics issue or a microeconomics issue?
Both. In the macro sense it requires government participation to supply the funding. In the micro sense, it requires social-workers to apply these funds for subsidies to the "deserving poor".
Similarities of public goods and merit goods?
The strict definition of a Public Good is that it can be consumed jointly by many individuals at once without diminishing the quantity or quality of the available good or service, therefore, the concept of rival consumption does not apply. The concept of exclusion also does not apply to Public Goods as no-one can be denied the benefit of a public good for reasons of non payment - the Free Rider concept. Examples of Public Goods - clean air, protection from foreign invasion by a defense force etc. Merit Goods are those which the government or society has deemed beneficial or desirable...the benefits of merit goods are usually greater than they seem to the free market or individual. If the free market was left to provide these goods or services, it would probably undervalue them and not commit enough resources to their production. There are "externalities/spill over" benefits to Merit Goods that the individual or Price Market might overlook or undervalue. Merit Good examples - museums, social programs, music education in schools etc. Intervention by society to help drug addicts - anti smoking goods or services, Public Goods can be also be Merit Goods, but not all Merit Goods are Public Goods
Apply the concept of aspirational groups to the Blackberry brand Should marketers have boundaries with regard to this concept?
apply the concept of aspirational groups to the bleckberry brand . \\should marketerss have boundaries with regards to this concept
Apply a concept of aspirational groups to Victoria's Secret Pink line?
apply the concept of aspirational groups to the bleckberry brand
How do you apply for DSS Budget loan?
$30,000
how do apply for government grant?
how do apply for a government grant
How does the concept of product life cycle apply to Regal Marine products?
How does the concept of product life cycle apply to Regal Marine products?
where do i apply for a free government grant?
“where do i apply for a free government grant?”
What is the Buddhist definition of holy?
The concept does not apply in Buddhism.
Is a rhombus supplementary?
No, the concept of supplementary does not apply to polygons.
how do i apply for grant?
how do i apply for government grant
A budget is useful only if you?
Apply it and monitor its purpose on a regular basis
When can you apply the concept of greatest common factor?
When you are reducing fractions.
who can apply for government grants to pay bills?
what is needed to apply for government grants to pay of bills
