Answer:
Explicit, explicit and implicit
Explanation:
The accounting cost is the cost that generally includes the payment related to the wages, rent, price of the products etc
While on the other hand, the economic cost is the cost that involves both type of cost i.e. explicit and implicit. The implicit cost is generally the opportunity cost
This is the answer but the same is not provided in the given options
Answer:
D. society’s scarce resources are used to produce products that align with consumer preferences
Explanation:
Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.
The best answers that complete each sentence are as follows:
1. On average, <u>private universities</u> are more expensive than other kinds of postsecondary schools.
2. The cost of room and board includes <u>accommodation and meals.</u>
3. To save money, some students attend a <u>public</u> university in their home state.
<h3>How are private universities different from public universities?</h3>
The major difference between public colleges and universities is that public universities are mainly funded by state governments, while, private colleges and universities rely heavily on students' tuition fees, alumni donations, and endowments to fund their academic programs.
For students, private universities are more expensive than public universities.
Thus, the best answers that complete each sentence have been provided.
Learn more about the difference between public and private universities at brainly.com/question/16201542
Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.
- A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.
- There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.
- The government uses taxes to fund a variety of welfare programs, including job initiatives.
Thus this is the answer.
To learn more about Tax, refer:brainly.com/question/25783927
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Answer:
A. Less informed party
Explanation:
Asymmetric information , it is also called , the information failure ,
When on of the party of the economic transaction having greater material knowledge than the other party .
i.e. ,
When a seller of any goods , have greater knowledge than any buyer .
All economic transactions involve information asymmetries .
<u>But , for situation of asymmetric information , the less informed party should use the screening techniques , so as to prevent itself from loss , due to incomplete information .</u>
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