Examlex
If making computer chips yields greater spillovers than making potato chips,what do some economists argue that government should do
Economic Profit
The profit a company makes after subtracting both its explicit and implicit costs from total revenues.
Labor Services
The physical and intellectual efforts provided by workers in exchange for wages.
National Income
The total income earned by a country's residents and businesses, including wages, profits, and investment earnings, usually measured within a specific time period.
Transfer Payments
Payments made by governments to individuals through social benefit programs without any goods or services being received in return.
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