The sectors are international, household, business, and government. The largest spending is consumption spending. That being said the answer would be household.
Restricted risk will be a kind for Risk that doesn't surpass the measure put resources into an association or restricted risk shares of the organization. Those restricted risk characteristic may be a standout amongst the greatest points of interest for Contributing in publicly recorded organizations. Same time An shareholder could take an interest wholly in the development of a company, as much alternately her obligation will be confined of the amount of the financing in the company, regardless of it thusly dives bankrupt and need remaining obligation commitments.
One of the main issues with placing a high priority on economic efficiency is not that incentives for efficiency can inhibit innovation. Thus, pick the last option among the choices, <u>"</u><u>incentives for efficiency</u><u> can reduce innovation."</u>
Concerns with giving economic efficiency a high emphasis include the possibility of efficient outcomes that are unfair. One of the key issues with giving economic efficiency a high priority is the demand, which should represent ability to pay rather than just marginal benefit or gain. Thus, the first and second options cannot be the correct answer.
One of the main concerns about putting a high priority on economic efficiency is that the efficiency focuses on outcomes, but means also matter, which is why the third option cannot be the answer for this question.
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Which of the following is not one of the main concerns about putting a high priority on economic efficiency?
- efficient results can be unfair.
- demand reflects ability to pay and not solely marginal benefit.
- efficiency focuses on outcomes, but means also matter.
- incentives for efficiency can reduce innovation.
The gold standard emerged at the center of the international monetary system in the <u>1880s </u>until the first world war.
A monetary standard under which the basic unit of currency is the same in fee to and exchangeable for a precise quantity of gold.
National money and other sorts of cash (bank deposits and notes) were freely converted into gold on a fixed price. England followed a de facto gold fashionable in 1717 after the master of the mint, Sir Isaac Newton, overrated the guinea in terms of silver, and formally adopted the gold widespread in 1819.
The gold standard was the basis for the global monetary system from the 1870s to the early 1920s, and from the overdue Twenties to 1932 in addition to from 1944 till 1971 while America unilaterally terminated convertibility of america greenback to gold overseas important banks, efficaciously ending the Bretton Woods.
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