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☆☆☆☆☆A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.
Public goods are non-excludable, so they suffer from a free-rider problem.
Have a budget surplus
A surplus of supply
Speculators from rushing into and out of a country's market and disrupting its economy./
Producers driven by the profit motive seek to reduce their competition.
Government censorship
Politicians might use pork barrel spending to win support from their constituents.
To win political support
oversee production
test products such as drugs and automobiles for safety (APEX)
when there is a budget surplus
Some northern states made slavery against the law.
Think that you're country A, wanting to buy pen and paper.
Country B produces 1 million pen and 1 BILLION paper
Country C produces 1 BILLION pen and 1 million paper
Or, country B has the absolute advantage over production of paper while
country C has the absolute advantage over production of pen.
Coming back our theory of economy of scale, we know that to a certain point, increased production would lead to lower average cost and thus, lower price.
This would mean that paper from country B is cheaper than country C whereas pen from country C is cheaper than country B.
Therefore, you would choose to trade paper with country B while trading pen with country C.
And this is why it is important to making economic choices.
for a similar question:
taking land to build an airport
A restriction on when a union may call a strike
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
By selling stocks
Issue bonds
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
- Price fixing: a group of companies agree that all of them will charge the same price.
3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.
Organization of Petroleum Exporting Countries competition regulator
Lockheed Martin Corporation government contractor
Antitrust Division of the Department of Justice cartel
