development economics
Government tax and transfer payments generally
What do you mean by the term Equilibrium? Also state its proper definition.
Assume that you receive $18 worth of ‘jollies’ (that is, utility, satisfaction or pleasure) from the very first hole of golf played on a particular day, and that your extra jollies from succeeding the holes drops $1 for each and every hole played. You shou
Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha
The most probable of the following to be a poorer good for most American families who purchase some of each of such products throughout a given year would be: (i) Plastic surgery. (ii) College textbooks. (iii) Films on DVD. (iv) Cup-a-Noodles soup. (v) Downloads for t
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
what can be the minimum value of investment multiplier?
What are the “powers of the Federal Reserve
The usual household maximizes the utility by spending all its money to purchase and consume a combination of goods which yields: (1) Fundamental physiological requirements and customary wants. (2) Maximum status and the social prestige. (3) Complete satisfaction of al
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Describe why businessmen mostly wish to open current account in bank?
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