0
What else can I help you with?
Opportunity costs of a greater government role in the economy?
no control for the businesses so they have to pay for higher expectations and limitations.
What are some opportunity costs of greater government role in the economy?
greater role were costly to implement, cutting into profits, slowing growth, and force businesses to charge unnecessary high price
What are the opportunity costs of government intervention in the economy?
Leads to inflation and can boost corruption due to favouritism to political allies
What generates the law of increasing opportunity costs?
The law of increasing opportunity costs states that the more of a product that is produced the greater is its opportunity cost.
How does Opportunity cost relate to command economy?
Opportunity cost in a command economy refers to the trade-offs that occur when the government allocates resources to various sectors or projects. Since decisions are made centrally, the opportunity costs arise from choosing one option over another, potentially leading to inefficiencies or misallocation of resources. For instance, if a government prioritizes military production over consumer goods, the lost benefits of not producing those consumer goods represent the opportunity cost. This contrasts with market economies, where individual choices often reflect opportunity costs more transparently.
Opportunity costs of a greater government role in the economy?
no control for the businesses so they have to pay for higher expectations and limitations.
What are some opportunity costs of greater government role in the economy?
greater role were costly to implement, cutting into profits, slowing growth, and force businesses to charge unnecessary high price
What are the opportunity costs of government intervention in the economy?
Leads to inflation and can boost corruption due to favouritism to political allies
What generates the law of increasing opportunity costs?
The law of increasing opportunity costs states that the more of a product that is produced the greater is its opportunity cost.
How does Opportunity cost relate to command economy?
Opportunity cost in a command economy refers to the trade-offs that occur when the government allocates resources to various sectors or projects. Since decisions are made centrally, the opportunity costs arise from choosing one option over another, potentially leading to inefficiencies or misallocation of resources. For instance, if a government prioritizes military production over consumer goods, the lost benefits of not producing those consumer goods represent the opportunity cost. This contrasts with market economies, where individual choices often reflect opportunity costs more transparently.
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
What are the aims of the government on deregulation?
to create greater competiton in marketreduce government subsidiesreduce costs to consumersmore firms join the market
When are opportunity costs present?
Every time a choice is made, opportunity costs are assumed.
The law of increasing costs means that when an economy increases the production of one item?
It is one of these questions: a. the opportunity cost goes up. b. the actual cost of making the item goes down. c. the actual cost goes up but the opportunity cost goes down. d. the production costs will increase also. You decide...
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
Why diabetes is a government health priority?
The government is the largest health care provider in the country so treating diabetes directly costs the government a lot of money. Also, diabetes is a major cause of lost productivity so it costs the government money indirectly through lost tax revenue and hurts the economy in general.
What is thinking at the margin?
The opportunity costs and the benefits.
