Affects in Great Depression
State what affect the most in Great Depression?
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In 1920s the boom in business made people overly confident therefore people invested their money in risky stocks and deals with it. In addition, banks provide careless loans and soon failed when people could not be able to repay them back. Third, businesses produced more goods than were wanted and they could not sell or make a profit. Lastly, human workers / jobs were becoming replaced by machines and people could not find work.
An economic rent is earned when the owner of any resource as: (w) receives income greater than the minimum required to ensure that the quantity demanded is obtainable. (x) exerts control over the payment for the resource. (y) sells input services in a
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)
In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.
The non discriminating firm with monopsony power in labor market confronts the: (1) Wage rate which consistently surpasses the marginal revenue. (2) MRP less than w. (3) MFC which surpasses w. (4) Monopolistic seller of firm's output. (5) MRP more tha
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
When increased demand causes the price of main beluga caviar to climb from $2750 to $3250 per pound and consequently world production rises from 24 to 40 tons yearly, its caviar has a price elasticity of supply approx
Throughout periods while the activities of speculators raise the volatility and average level of prices, classical speculators are most probable to: (1) gain profits by buying high and selling low. (2) reduces the risks to other firms of doing busines
notes on separable utility function in microeconomics
The table below contains information about the production possibilities frontier ( PPF or PPC) of siyazama agricultural cooperative.
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