The main componet and key to success in reaganomics is brainly

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Mnenie [13.5K]1 year ago

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The main component and key to success to Reaganomics was reduction in government spending.

<h3>What is Reaganomics?</h3>

This is the term that is used to refer to the government and the economic policies of Ronald Reagan. The purpose of the policy was to help to stimulate the United States government. The policy was contractionary in nature.

He advocated for a reduction in the way that government spent money, reduced taxes and also for less government regulations in businesses.

The result of this policy was that he helped to ensure that poverty was reduced in the country. Although it raised the levels of income inequality also in the nation.

Economics have stated that the policies of this president helped the nation to achieve great long time economic expansion.

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you are moving across town. doing your research, you find that the average rate of a moving company is $250 per hour for a movin

iragen [17]

Based on the information given, the marginal cost of the price that should be paid is $250 per hour.

This is an incomplete information. From the complete information, the number of moving crew will be gotten where the marginal cost is equal to the marginal benefit and this will be at the 4th hour. Therefore, the <em>marginal cost</em> and benefit equal $250.

Therefore, one should hire movers for 4 hours. Therefore, based on the information given, the consumer surplus will be:

= $600 + $370 + $250

= $1220

In conclusion, the total consumer surplus for hiring a crew for<u> 4 hours</u> will be<u> $1220.</u>

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Which economic system is supported by this passage’s main argument?

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The answer is Command Economy<span />

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