Hello,
Question - How do United States government incur millions of dollars in debt
Answer - The reason the United States has so much debt is because of the fact that when we were in war they were borrowing way to much money from other countries which now has its problem, its hard to pay them back.
In a Market Economy, where one of its characteristics is the definition and application of the <em>property rights</em>, the situations described in alternatives B and C are likely to occur. Whereas the alternatives A and D are examples of a Command Economy where the means of production are opperated by one organization.
Answer: the answer is E that is A and C only
Explanation:
Market output is below the social returns and Prices are too high.
When significant external costs are associated with a good or services then the price of the good is tool low because external costs are not being paid and its output level is too high relative to the socially efficient supply ad demand for example as the price of goods goes up, consumers demand less of it and more supplies enters the market.
marginal social rates of return and demonstrates the inadequacy of wage differentials ... leads to no reduction in output
Answer:
important about regionalism:
Explanation:
In international relations, regionalism is the expression of a common sense of identity and purpose combined with the creation and implementation of institutions that express a particular identity and shape collective action within a geographical region. Regionalism is one of the three constituents of the international commercial system (along with multilateralism and unilateralism).
The first coherent regional initiatives began in the 1950s and 1960s, but they accomplished little, except in Western Europe with the establishment of the European Community. Some analysts call these initiatives "old regionalism".[1] In the late 1980s, a new bout of regional integration (also called "new regionalism") began and continues still . A new wave of political initiatives prompting regional integration took place worldwide during the last two decades. Regional and bilateral trade deals have also mushroomed after the failure of the Doha round .
The European Union can be classified as a result of regionalism. The idea that lies behind this increased regional identity is that as a region becomes more economically integrated, it will necessarily become politically integrated as well. The European example is especially valid in this light, as the European Union as a political body grew out of more than 40 years of economic integration within Europe. The precursor to the EU, the European Economic Community (EEC) was entirely an economic entity.
