development economics
Government tax and transfer payments generally
Question: Suppose firm 1 and firm 2 merge. Call the new firm A. It has output xA and profit πA. Suppose there is Cournot competition after the merger. For now, we assume that the marginal cost of Firm A, the mer
What do you mean by the term Equilibrium? Also state its proper definition.
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
What is the alternative name of value added technique of estimating national income? The alternative name of value added technique of estimating national income is production method.
What do you mean by the term Competitive market?
Question: A county with a fixed or managed exchange rate would consider i.___________________ its currency if the country is worried about domestic inflation. ii. Briefly Explain? Q : Difference between APC and MPC Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
Define the term Supply curve.
Adam Smith disputed that a nation’s wealth is, not the gold it possesses, but instead its: (1) Total population. (2) Capability to offer goods for its people. (3) Domestic financial capital. (4) Foreign investments. (5) Military might.
What are the conditions through which the supply curve will shift?
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