Define bank rate
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
The Reagan Administration introduced new agricultural program named as the Payment-in-Kind Program, in the year of 1983. In order to distinguish how the program worked, let's assume the wheat market. Now assume the government desire to lower the supply of whe
Within the long run, after HoloIMAGine’s holographic technology patents lapsed moreover entry and exit became probable in this market, therefore HoloIMAGine would be expected to: (w) carry on to reap economic profits. (x) break even and experien
When Perpetual Motion Corporation’s recently-invented and patented teleporter buttons have no close substitutes, in that case Perpetual Motion operates: (1) along with absolute certainty of realizing a pure economic profit. (2) in violation of the laws of demand
When doubling your viewing of soap operas to sixteen hours per week causes your IQ score to reduce from a genius level of 140 to a sluggish 70, your TV elasticity of brain power is possibly: (i) -1.0. (ii) +1.0. (iii) -2.0. (iv) 2.0. (v) -0.5. Q : Example of price elasticity of demand When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price
When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price
The price elasticity of demand would possibly be lowest for: (1) Dasani. (2) Deer Park. (3) Aquafina. (4) bottled water. (5) Perrier. Can anybody suggest me the proper explanation for given problem regarding
Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should
When people become optimistic about living longer and accordingly save more for their retirement years, in that case the decline into interest rates will tend to: (w) raise capital costs for business firms. (x) decrease investment expenditures. (y) di
A competitive firm is LEAST capable to adjust its inventories throughout the: (w) market period. (x) short-run. (y) intermediate period. (z) long-run. Hello guys I want your advice. Please recommend some views for above Eco
Tacit collusion through oligopolists is possible when: (w) agreed to by the government. (x) a price leader is visible. (y) the oligopolists succeed in forming a cartel. (z) very few firms control the market. How ca
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