Define revenue deficit
Revenue deficit: Whenever revenue expenses are greater than revenue receipts, it is termed as revenue deficit.
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
Describe why is the budget line slope downward?
Rental values of property to a firm are POSITIVELY associated to the: (w) transactions costs incurred through the customers of the firm. (x) transportation costs of the firm’s resource suppliers. (y) physical characteristics which contribute to
Select the right answer of the question. The physical export of motorcycles from the United States to Mexico best illustrates a: A) trade flow. B) resource flow. C) financial flow. D) technology flow.
Not in between the total demands for loanable funds would be the demands of: (1) consumers for financial capital. (2) business firms for financial capital. (3) government for loanable funds to cover budget deficits. (4) consumers for mortgage funds. (
1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
Programs which guarantee farmers minimum prices which exceed equilibrium prices will yield: (w) cheaper food for consumers. (x) excess demand in food markets. (y) excess supply at the minimum price. (z) higher equilibrium prices.
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I have a problem in economics on monopsonistic exploitation. Please help me in the following question. The Labor union contracts, an analogous worth rule or the minimum wage laws might boost equilibrium employment when a firm has been practicing: (1)
Pure competition and monopolistic competition are: (1) polar opposites on the continuum of market structures. (2) the two market structures in that firms are pure quantity adjusters. (3) both characterized by an absence of barriers to long run entry a
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