Can GNP be more than GDP
Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Can GNP be more than GDP?
Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Whenever someone paying for the service can’t completely monitor the behavior or aims of the person offering the service, there are potential inequities and inefficiencies caused by the: (1) Moral hazard. (2) Adverse selection. (3) Utilitarianism. (4) Principal-
Monopolistic Competition: Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the
Price ceilings do NOT create pressures for: (w) shortages of price controlled goods. (x) black markets, queuing, or sales by favoritism. (y) opportunity costs to be lower than or else. (z) transactions at monetary prices below the equilibrium price.
The cross-elasticity of demand among any pair of goods is positive when the goods are: (i) luxuries. (ii) necessities. (iii) complements. (iv) substitutes. Hey friends please give your opinion for the problem of
State how is a single buyer a price taker in the perfect competition? Answer: A single buyer’s share in total market demand is too significant that the buyer
I have a problem in economics on Marginal revenue product or MRP curve. Please help me in the given question. Demand for the labor through a monopolist in the product market is its: (w) Value of marginal product (or VMP) curve. (x) Marginal revenue product (or MRP) cu
Both demand and supply of hamburgers would plummet in short run, as would be quantity sold, however we can’t be certain how the price would adjust when: (i) 75 % of the population became serious vegetarians. (ii) People abruptly decreased their intake of milk pr
The economic foundations of the single-tax progress were first presented through: (1) British Prime Minister Lloyd George. (2) John Stuart Mill. (3) Henry George. (4) David Ricardo. (5) George Stigler. How can I so
For each case listed below, first state whether the change results in an increase or a decrease in demand, or in an increase or a decrease in supply. Second, determine the direction of change in both the equilibrium price and the equilibrium quantity. a.  
From around 1890 until 1970 year, the “structure-conduct-performance paradigm” dominated theories concerning how firms behave in various types of markets. Here the word “performance” in this context consider to things as: (i) d
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