Define balance of trade
Balance of trade: It is the distinction between imports and exports of a country which are valued.
For a purely competitive industry in the long run: (i) several firms exit hence others may earn more than normal profits. (ii) established firms reap higher profits than newer firms. (iii) all resources are fixed for the industry as an entire. (iv) pe
When Robomatic Corporation maximizes profit in its production of RoboMaids, its monthly total revenue will be roughly: (i) $100 million. (ii) $140 million. (iii) $160 million. (iv) $200 million. (v) $240 million. Q : Problem on implicit belief in a moral Can someone please help me in finding out the accurate answer from the following question. Assume that when faced with the Faustian option [that is, a deal with the devil] of torturing an naive child in the interest of securing world peace and an end to global hunger,
Can someone please help me in finding out the accurate answer from the following question. Assume that when faced with the Faustian option [that is, a deal with the devil] of torturing an naive child in the interest of securing world peace and an end to global hunger,
I have a problem in economics on Marginal factor Costs. Please help me in the given question. The synonymous words marginal factor costs or marginal resource costs signify to the: (p) Cost incurred in generating an additional unit of the capital. (q) Cost to the resou
Chris ate Ramen Noodles or pinto beans for each and every meal whereas an impoverished college student. Chris graduated and landed a job beginning at a yearly salary of $50,000. Chris’s demands for the Ramen Noodles and pinto beans were most lik
The below table presents the three possible states for stocks A and B returns. (a) De
Can someone please help me in finding out the accurate answer from the following question. The raise in the quantity supplied of frozen vegetarian lasagna would be most probable to outcome from raise in the: (i) cost of ingredients in the vegetarian lasagna. (ii) Numb
In words of Frank Knight, risk, not like uncertainty: (w) is totally unpredictable. (x) is a main source of pure economic profits. (y) may be estimated. (z) cannot be taken into account while firms make decisions regarding production and pricing.
Select the right answer of the question. The asset demand for money: A) is unrelated to both the interest rate and the level of GDP. B) varies inversely with the rate of interest. C) varies inversely with the level of real GDP. D) varies directly with the level of nom
Lauren launched Staplex developed in Staplex, Iowa 10 years ago. The Staplex has expanded and now produces similar staplers in all ten of its factories extend across three continents. Staplex is the: (1) Horizontally integrated firm. (2) Monopoly cartel. (3) Diagonall
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