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.
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
Refer to the following diagram, which depictes demand and supply conditions in the competitive market for product X. A shift in the demand curve from D0 to D1 might be caused by a(n): 1) decrease in income if X is an inferior good. 2) increase in the price of compleme
When do we state that there is an excess demand for a commodity in the market?
Surplus budget: When receipts of government are greater than its receipts, it is termed as surplus budget.
The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (v) Should set wages via collective bargaining agreements with th
Consumers’ demand prices and sellers’ supply prices may be different in equilibrium due to: (w) arbitrage. (x) expectations about availability. (y) the invisible hand. (z) government subsidies or tax wedges.
I have a problem in economics on Resolving principal-agent problems. Please help me in the following question. Attempts to resolve the principal-agent problems among stockholders and top corporate managers (that is, CEOs) comprise: (i) Profit-sharing systems for the t
Within the short run, there a purely competitive firm will close down its plant(s) and manufacture nothing when: (i) this makes no pure economic profits. (ii) normal profits were unattainable. (iii) P < ATC at all output levels. (iv) accounting pro
Of the given price elasticities for market supply curves or market demand curves, and the one which is absolutely inconsistent along with standard economic theory would be one for that, across feasible ranges of prices as: (i) supply
State drawbacks of barter system: A) Both sale and purchase must take place concurrently implying double coincidence of wants. B) There is no general unit of exchange in barter system, accordingly exchange s
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