Define multiplier
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
Subsequent to adjusting for inflation, Alex Rodriquez salary with NY Yankees was much higher in the year 2006 than Henry Aaron's salary with the Atlanta Braves in the year 1970s that implies that: (i) The 2006 Yankees was more liberal than the year 1970s Braves. (ii)
The economy consists of a single buyer and a single seller. The buyer has the utility function b ln xB1 + xB2 with b ≤ 10. The seller has the
Refer to the given production possibilities curve and give answer of following question . At the onset of the Second World War the Soviet Union was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movemen
I have a problem in economics on Automation process. Please help me in the following question. The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) Bionic engineering. (3) Robotics. (4) Scientific manag
Increased market demand for generic 2×4s as in demonstrated graph would result within a(n) ___________ within the price of 2×4s as well as a(n) ___________ into this lumber mill’s profit-maximizing output.: (w) increase; decrease. (x
Buying low within one market and riskless selling at a higher price into another is termed as: (1) speculation. (2) arbitrage. (3) capitalization. (4) marketeering. (5) profiteering. Please choose the right answer from above...I wa
The view about all people is entitled to income sufficient to comfortably sustain their physical survival is termed as the: (1) survival standard. (2) contribution standard. (3) needs standard. (4) standard deduction. (5) equality standard.
must use graphs to demonstrate/support answers where available. Submission is to be made tonight, so needs to be finished urgently
Normal good: It is a good for which, other things equivalent, a rise in income leads to a rise in demand.
I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The non-discriminating firm with the monopsony power in labor market confronts a: (1) Wage rate which consistently surpasses the marginal rev
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