Economic growth
Give the answer of following question. Economic growth is best defined as an increase in: A) either real GDP or real GDP per capita. B) nominal GDP. C) total consumption expenditures. D) wealth in the economy.
The Employers frequently discourage the spread of wage information since they fear that: (i) Lower salaried workers might use the information to negotiate the raises. (ii) Firms honor employee’s privacy only when secrecy is reciprocated. (iii) Unions try to orga
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The technology is such that LAC is minimized at firm’s output equivalent to 10 and minimum LAC is Rs. 15. Assume that the demand schedule for the product is given as shown: Q : Monopsony Power- Labors Immobility I I have a problem in economics on Monopsony Power and Immobility of Labor. Please help me in the given question. The immobility of labor is economically significant as: (w) Most of the people like to move, however can't. (x) People in high salary occupations won't be c
I have a problem in economics on Monopsony Power and Immobility of Labor. Please help me in the given question. The immobility of labor is economically significant as: (w) Most of the people like to move, however can't. (x) People in high salary occupations won't be c
Marginal revenue is NOT: (i) similar as average revenue or price for a competitive firm. (ii) identical to the price of output for firms along with monopoly power. (iii) specified by (change in TR)/ (change into Q) for all firms. (iv) derived by the d
The below table presents the three possible states for stocks A and B returns. (a) De
For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.
Poverty is most unambiguously: (w) an absolute concept that is easily and precisely defined. (x) more prevalent in North America than elsewhere. (y) the absence of income sufficient to survive in reasonable comfort. (z) a relative concept when poverty
I have a problem in economics on Exploitation of Labor Please help me in the following question. The exploitation might not exist even when wage a worker is paid is less than the worker’s: (1) average revenue product. (2) The value of marginal p
When will an augment in supply entail a raise in price however no change in quantity?
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