Assuming Wally has the legal right to keep the dog, a possible private solution to this problem is that
"the current situation is efficient."
Efficiency is the capacity to abstain from squandering materials, vitality, endeavors, cash, and time in accomplishing something or in creating a coveted outcome. In a more broad sense, it is the capacity to do things well, effectively, and without waste. In more numerical or logical terms, it is a measure of the degree to which input is all around utilized for an expected assignment or capacity. It frequently particularly involves the capacity of a particular utilization of push to deliver a particular result with a base sum or amount of waste, cost, or superfluous exertion. Efficiency alludes to altogether different data sources and yields in various fields and businesses.
Answer:
Private benefits received by college students and the demand curve for college education will shift up.
Explanation:
Subsidies started in 1800. The student's subsidy was started around world war II. These subsidies aid programs aim to help students. It is processed in which the higher tea payer will pay the tax and that tax used in education services for the student. It is related to demand and supply. But there are most of the federal subsidy suffered from a large amount of fraud, waste, and abuse. Health institution, Medicaid, school lunches all suffers from these heavy downfalls and a large amount of fraud and waste of subsidy.
This is the useage of velocity
good luck!
Jefferson was pretty unpopular by the end of his Presidency and had to live through his VP killing Alexander Hamilton.
So, Jefferson got the hint and bowed out.
Answer:
- Gains from trade
- Consumer Satisfaction
- Greater Efficiency
- Growth Opportunities
Explanation:
According to Investopedia, specialization is a method of production where an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
A country can specialize on the production of a particular commodity or service that is peculiar to their part of the world giving them the opportunity to become very efficient and have more opportunities for growth. Some of the benefits of specialization in a country include;
- Economies of scale/ greater efficiency: A country that is involved in specialized production will have very efficient production because the more focus they have on one task, the more efficient they become at this task which reduces the time and money involved in producing a good.
- Gains from trade: Two countries that both have comparative advantages on different products will benefits greatly if they continue in their specialized products and trade. For example country X produces fabric at a very cheap rate and country Y produces rice at a very cheap rate. It will cost country X a greater amount to start rice production than to just trade and get rice from country Y and vice versa. So both countries benefit from specializing and trading.
- Growth Opportunities: A country can gain access to the world market which allows them to grow bigger and in turn increase their efficiency.
- Consumer Satisfaction: Specialization means that cost of production is lower which makes the cost of goods relatively cheaper.
