1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ziro4ka [17]
4 years ago
6

explain how the budget situation illustrates the concept of scarcity and tradeoffs and discuss how a state government might use

marginal analysis to balance its budget.
Social Studies
1 answer:
Valentin [98]4 years ago
7 0

The <em>concept of scarcity</em> states that there will be a deficit regarding the supply of a certain good in comparison the demand for it. Therefore, a state budget must revise its current state knowing that there will always be some players who will lose benefits in the attempt of shifting the assignment of resources.

The <em>marginal analysis</em> is an examination of the additional benefits a certain activity gets compared to a number of additional resources assigned to it. It helps the state government have a better view of where to allocate resources. As there are sectors that will probably gain more benefits than others with the same assigning of resources. The key to this analysis is to now the best amount to allocate to each sector in order to get the maximum efficiency of the budget.

You might be interested in
What element traditionally creates blue fireworks?.
Artist 52 [7]

Answer:

Copper:

Copper compounds produce blue colors in fireworks. Although Copper has a red appearance in solid form, when it’s set alight it creates stunning blue fireworks. Copper is used in electrical wire and roughly half of all copper mined is used for this purpose.

6 0
2 years ago
Economists estimated that the price elasticity of beer is -0.30 and the income elasticity of beer is 0.09. This means that:
victus00 [196]

Answer:

C: an increase in the price of beer will lead to an increase in revenue for beer sellers and beer is a normal good.

Explanation:

Because the price elasticity of beer is negative -0.3, this implies that an increase in the price of beer by $1 would lead to a decrease in the demand of beer by 0.3 units and such increase will lead to an increase in revenue of beer seller. However, the income elasticity of beer is 0.09, which implies that the consumption of beer increases with an increase in income, which makes beer a normal good.

3 0
4 years ago
Which of the following statements correctly describes the economy of Japan?
Yuri [45]

Answer:

C. It is a highly developed economy.

4 0
3 years ago
Read 2 more answers
Read the excerpt from Up from Slavery by Booker T. Washington. While we take pride in what we exhibit as a result of our indepen
Gwar [14]

Answer:

They both see the South as exhibiting a history of oppression

Explanation:

it makes the most since from what I've read

5 0
2 years ago
N 1908, the Supreme Court ruled in Muller v. Oregon that
Nikolay [14]
<span>Supreme Court of Oregon affirmed. Muller v. Oregon, 208 U.S. 412 (1908), was a landmark decision by the United States Supreme Court. It was used to justify both sex discrimination and usage of labor laws. ... The ruling had important implications for protective labor legislation.</span>
5 0
4 years ago
Other questions:
  • Frank flings a paper airplane through the air in history class. All of the students laugh. Their teacher, Mr. Curtis, becomes ir
    6·1 answer
  • Your roommate Chuck is having difficulty in his chemistry class. He asks you for advice on how to improve his memory of the mate
    14·1 answer
  • What company held the charter for jamestown
    13·1 answer
  • Your house is worth $100,000. What are your property taxes each year?
    13·2 answers
  • Which of the following best describes the difference between gender and sex?
    11·2 answers
  • The Solomon Asch experiment, in which groups of participants were asked to compare the lengths of lines, demonstrated that:
    9·1 answer
  • An unlikely coalition of individuals thought that the social institutions needed to be corrected. Because of their sheer numbers
    11·1 answer
  • Larry says that people act the way that they have learned to act. He believes that if you stop rewarding a person's annoying beh
    5·1 answer
  • Will give brainliest
    11·2 answers
  • To achieve economic growth, a society must increase inputs by (EF6a)
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!