Answer: produce the socially optimum amount of education
Explanation:
Spillover benefits simply refers to the free benefits which are gotten by third parties due to the actions of other people.
In this case, because education has spillover benefits, the private market will produce the socially optimum amount of education. This is the equilibrium achieved based on the spillover effects from the education.
The output level that reflects all the costs and benefits associated with a transaction i.e. it is the equilibrium that would be achieved if the market outcome reflects the effect of externalities.
The Kraus Steel Company ended producing about 7900 tons of inventory during the month of October.
<h3>What is inventory?</h3>
The amount of finished goods available in the warehouses or storage of an organization during a given period, which is ready to be sold in the market, is known as the inventory.
The produced inventory can be calculated using the given information as,
Inventory produced=Beginning Work in Process-Ending Work in Process
Inventory Produced =11300-3400=7900 tons
Hence, the significance of inventory produced is aforementioned.
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Answer:
B). The further in the future you receive a dollar, the less it is worth today.
Explanation:
The second option asserts a true claim that 'the later we receive a dollar in future, the less it is worth today' as the market value of dollar can be seen significantly rising and therefore, it's value is much higher in relation to the value of other currencies across the globe. If a person receives a dollar today, it's worth can be much higher in the upcoming time and therefore, a lower amount today can become a huge amount tomorrow, if invested properly today. Thus, <u>option B</u> offers a true statement while the others state incorrect claims.
The New Deal changed the role of government completely. Before the New Deal, government had essentially no role in steering the economy or in providing for the people. After the New Deal, the government has come to play a huge role in both of these things.
Before the New Deal, the government was expected to be more or less laissez-faire. It was supposed to just stay out of the way and let the economy rise or fall "naturally." If people were too old to work, they needed to rely on family. If a bank failed, its depositors were out of luck. The New Deal changed all of that.
