distribution
In the quintile distribution of income, the term "quintile" represents?
Distributing all the goods strictly according to people's requirements is likely to outcome in: (i) the requirements of decision makers receiving much high priority. (ii) Low levels of output since people contain few incentives to generate. (iii) A fe
The society’s production possibilities frontier exhibits: (1) The varieties of resources accessible. (2) Combinations of goods which an economy can make. (3) Choices devoid of opportunity costs. (4) How production grows as technology progress. (
Can someone please help me in finding out the right answer from the following question. Huge idle capacity in the U.S. at the beginning of World War II made: (1) The war costless for United States. (2) U.S. living standards drop more than had all reso
The Feudal society in which a ‘divine right’ to govern arose via inheritances of such titles as ‘king’ or ‘queen’ relied relatively greatly on an allocative method of: (i) Enthronement. (ii) Secularism. (iii) Merito
Since clothing output expands from 0 to 100, then the opportunity cost per unit of extra clothing: (i) Increases. (ii) is zero. (iii) Drops. (iv) Is constant. Can someone please help me in finding out the accurate answer from the a
I have a problem in economics on Declines in unemployment rates. Please help me in the following question. The Production possibilities frontiers wouldn’t expand outward in response to: (1) Enhanced technology. (2) Expanded investment and saving. (3) Declines in
In a pure capitalist economy mainly based the market system, circular flow model describes that all the resources employed by all firms plus all other assets and products are eventually owned by: (i) Private Associations and corporations. (ii) Banks a
In countries which rely greatly on centralized decision making most: (i) Main allocative decisions are made by the consumers and business organizations. (ii) Allocative and distributive decisions are made by government. (iii) Nonhuman resources are owned and controlle
I have a problem in economics on Allocative Mechanisms-Traditional system. Please help me in the following question. Interactions of private sellers and buyers recognize the bulk of resource allocation in a: (1) Queuing system.(2) Market system. (3) T
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