--%>

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.

   Related Questions in Microeconomics

  • Q : Intersections of supply and demand

    Can someone please help me in finding out the accurate answer from the following question. The prices beneath the intersections of supply and demand curves cause: (i) Shortages. (ii) Surpluses. (iii) Demands to expand. (iv) Inventories to grow. (v) Sc

  • Q : Relationship between MPS and multiplier

    Relationship between MPS and multiplier:K=1/1-MPC = 1/MPS or inverse relationship between MPS and the size of multiplier.

  • Q : Difference between increase in demand

    Difference between increase in demand and increase in quantity: Whenever demand rises at specific price then it is termed as rise in demand?. On another hand, whenever demand increases by decrease in price of a com

  • Q : Price taking and price making The price

    The price makers within a purely competitive market are: (i) auctioneers (ii) buyers. (iii) sellers. (iv) both buyers and sellers. (v) nobody. I need a good answer on the topic of Economics problem

  • Q : Statistical perspective of Inferior

    On an average, American families with more income tend to contain fewer children than families with less income. This fact recommends that, at least from a purely statistical perspective, the American children are: (1) Inferior goods. (2) Substitute goods for the cats

  • Q : Price discriminate raises output and

    When a monopolist which does not price discriminate raises its output, the firm’s total revenue: (w) should rise. (x) will rise when demand is elastic. (y) will rise when demand is inelastic. (z) will rise when marginal revenue = 0.

  • Q : Bonding of Paying in Investment When

    When the price of a financial asset is $1,000 and the interest rate is 10 percent, in that case investment is not justified for: (1) a perpetuity paying $100 annually. (2) an income stream paying $500, $400, and $300, respectively, at the ends of all

  • Q : Organizing business to maximize the

    I have a problem in economics on organizing business to maximize the funds. Please help me in the following question. The entrepreneur who wants to maximize her firm’s admittance to funds from investors or banks must organize the business as a: (1) Proprietorshi

  • Q : Reasons for shifting demand curve

    Probable reasons for this shift of demand curve from D0 to D1 would not comprise: (1) lowering the lowest age for a driver’s license. (2) Reduces in the prices of ski boats. (3) Raised prices for airline tickets. (4) Decrease in the relative price of gasoline. (

  • Q : Income elasticity and inferior goods

    Raises in real income that causes the demands for: (i) inferior goods to shift upward and to the left. (ii) normal goods to shift upward and to the right. (iii) substitute goods to shift upward and to the right. (iv) complementary goods to decline mor