Economic
Economic systems differ according to which two main characteristics?
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Tom reimburses $5.00 for a ticket to see a present hit movie. If Tom was willing to reimburse up to $7.00 for that ticket, his consumer surplus equals: (1) $5.00 (2) $2.00 (3) $7.00 (4) Tom does not receive any consumer surplus as he purchased the ticket.
Whenever consumers paid an amount for water which reflects the value of the net benefits they obtain from consuming it, water would outcome: (1) Maximum consumer excess. (2) Zero consumer excess. (3) Total revenue equivalent to variable cost. (4) Zero
How prices allocate resources?
a restrictive monetary policy is designed to shift the
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
How Bank rates control the credit? Answer: Bank rate is the rate of interest at which the Central bank lends to Commercial banks. By increasing the bank rate centra
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