Define Invisible items, Invisible items : All kinds of services that are rendered to or

Define Invisible items

Invisible items: All kinds of services that are rendered to or obtained from abroad are termed as invisible items. Such are invisible as these are not made up of any matter or material. The record of such items is not obtainable with the ports. Illustrations: Transport services, Insurance and banking schemes.

View Complete Question

Related Questions in Microeconomics

Q : Determine absolute value of price

Since this demand curve for DVD games is a straight line, and its slope: (w) is constant, although the absolute value of price elasticity of demand falls as output increases. (x) varies to compensate for changes within elasticity. (y) is constant, alt

Q : Change of demand If demand for good

If demand for good falls due to increase in its own price. Then what is the change in demand termed? Answer: Contraction of demand

Q : Monopolistic competition and oligopoly

One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?

Q : System of Note-issue Name the System of

Name the System of Note-issue in India. Answer: In India, the system of note-issue is the Minimum Reserve System. The RBI is needed to keep minimum reserves of Rs 2

Q : Reinforces the substitution effect For

For normal goods which experience price changes, then the income effect: (i) Recognizes how higher money income influences demands for goods. (ii) Invalidates the diminishing marginal utility law. (iii) Offsets the substitution effect. (iv) Reinforces the substitution

Q : Example of Signaling As interviewing

As interviewing for the job as a bill collector for loan shark, Bob states his degree in the martial arts from Hard Knox Reformatory, his summer internship by BreakUrLegs, Inc., and his family connections. Bob’s casual discussion of such credentials is an illust

Q : Determine Gini index in Loren curve

Since lifetime earning patterns differ, in that case the Gini index will: (1) continue to rise over time. (2) never reach zero or perfect equality. (3) remain constant. (4) surpass 100 in the near future. (5) be lower for developing countries than for

Q : Monopsony power without wage

Can someone help me in finding out the right answer from the given options. The Minimum wage laws are most probable to increase the equilibrium employment when a firm has been exercising: (1) Monopoly power and price discrimination. (2) Employee choice in markets for

Q : Total revenue when output exceeds When

When output is expanded, then a firm's total revenues: (1) are maximized where marginal revenue is zero. (2) decline whenever average revenue falls. (3) rise more quickly the faster marginal returns diminish. (4) are maximized where profit is maximize

Q : Powerful firm confronted by powerful

The model which examines the limits to bargaining among a powerful firm confronted by the powerful union is: (1) Bilateral monopoly model. (2) Pure monopsony model. (3) Convergence model. (4) Featherbedding model. (5) Keynesian cross model.

Discover Q & A

Leading Solution Library

Avail More Than 1426497 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1960781
Asked

3,689

Active Tutors

1426497

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment