Define legal tender money
Legal tender money: Money which is declared legally as the medium of exchange by government is termed as legal tender money.
The Positive values of marginal utility curve are related with: (i) Reducing values of net utility. (ii) The highest point on a net utility function. (iii) Negative values of a net utility function. (iv) Rising values of total utility. Q : What are the Components of capital Components of capital account: (i) Foreign investment (ii) Foreign loans (iii) Banking capital and other capital (iv) Monetary movements.
Components of capital account: (i) Foreign investment (ii) Foreign loans (iii) Banking capital and other capital (iv) Monetary movements.
Compared to the requirement and equity standards, the contribution standard of income distribution refers to: (1) generate the weakest incentives for production. (2) best provide for people in poverty. (3) be most compatible along wit
When price falls and quantity rises along a negatively-sloped linear demand curve: (1) total revenues fall till elasticity equals zero, then this rises. (2) demand is decreasingly price elastic. (3) there is a contrad
If MPP equivalent to APP, what will you state regarding APP? Answer: APP is at its maximum and steady or constant.
When the price of a share of corporate stock increases, all else identical, there will be reduces in the: (w) overall liquidity of a portfolio which includes the stock. (x) likelihood that the individual who owns the stock will sell this. (y) ra
From about 1890 till 1970, the “structure-conduct-performance paradigm” dominated theories concerning how firms behave in various kinds of markets. The word “conduct” in this context refers to these things as: (i) decisions by
Long-run output and equilibrium price combinations describe a purely competitive industry’s: (w) demand curve. (x) long-run supply curve. (y) expansion path. (z) contract curve. I need a good answer on the to
Can someone help me in finding out the right answer from the given options. Whenever the quantity of a good supplied surpasses the quantity demanded: (i) Unexpected growth of inventories will cause prices to drop. (ii) The present market price is beneath equilibrium.
Price floor: Price floor refers to the lowest amount price fixed by the government over the market determined price and hence the producers of the necessary items such as wheat, rice and so on might not experience losses.
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