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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 a 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.
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
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 a 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.
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
When are opportunity costs present?
Every time a choice is made, opportunity costs are assumed.
What are the aims of the government on deregulation?
to create greater competiton in marketreduce government subsidiesreduce costs to consumersmore firms join the market
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.
What is the relationship between trade and opportunity costs?
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.
