Nona 
In microeconomics, production efficiency is a state of the world where production uses the least possible inputs to produce the greatest possible output. Production efficiency occurs when all resources are optimally used to produce the desired output. In a perfectly competitive market, all firms are production efficient. This is because firms that are less efficient … Read more
Treasury bills (T-bills) are a type of short-term debt instrument issued by the U.S. government with maturities ranging from a few days to 52 weeks. T-bills are sold in denominations of $1,000, $5,000, $10,000, and $100,000. T-bills are sold at a discount from par, which is the face value of the bill. The difference between … Read more
Zero-rated goods are defined as goods or services that are exempt from value-added tax (VAT). In other words, when a good or service is zero-rated, the consumer does not have to pay VAT on the purchase price. Instead, the seller pays the VAT to the government. Zero-rated goods are typically items that are considered to … Read more
Capital flight is a term that involves the departure of physical assets or money from a country due to economic events that have happened in that place. There are also other situations in which this can happen, such as increases in impuestos, or when a country cannot meet its debt obligations and loses credibility and … Read more
