distribution
In the quintile distribution of income, the term "quintile" represents?
The inward shifts of a production possibilities frontier take place if: (i) Markets substitute brute force as the main allocative method. (ii) Technological advances stimulate the entrepreneurial gains. (iii) Investment facilitates expanded the consum
Can someone please help me in determining the right answer from the following question. The law of comparative benefit exhibits: (a) Why trade with a country in which salaries are low is not fair. (b) How countries try to use each other via trade. (c)
Can someone help me in finding out the accurate answer from the following options. The pure capitalism is characterized through: (1) Private property and laissez-faire govt. policies. (2) Business monopolies balanced by the strong labor unions. (3) De
I have a problem in economics on Production Possibilities Frontiers as tools. Please help me in the following question. Production possibilities frontiers are much least useful as tools to exemplify: (i) Scarcity. (ii) Opportunity costs. (iii) Feasibl
The ‘mixed economy’ is one which is characterized by: (1) A diverse industrial base employing different applied technologies. (2) Significant economic roles for both private and public sectors. (3) Regional industries with intrastate and inter trade. (4) B
I have a problem in economics on Allocative Mechanisms-Queuing. Please help me in the following question. The Queuing frequently comprises: (1) Long waiting lines. (2) Exceptionally low opportunity costs. (3) Fast technological growth. (4) Last-in, fi
The Standard economic suppositions recommend that the production possibilities frontiers are concave from beneath [from origin] mainly because: (i) People desire additional units of a good less the more of good they encompass. (ii) The relative produc
The fundamental issue of how production will be systematized in a market economy is most directly and instantly recognized by: (i) Govt. officials. (ii) Economic fore-casters. (iii) Suppliers or entrepreneurs. (iv) Worker committees. (v) Consumers. Q : Economics “Due to lower grain prices, “Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use the term “supply” cor
“Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use the term “supply” cor
The XYZ Aviation Administration now needs airlines which overbook flights to secure the volunteers willing to give reserved seating by recompensing them to take a later flight with extra tickets or another incentive. Formerly, the airlines bumped the ticketed passenge
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