Elastic industry
What industry is perfectly elastic that is not agriculture?
Rises in the legal minimum wage rate have not been blamed for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment among trained workers who have lost their jobs since of competition from the cheaper imports. (
Give me answer of this question. Which of the following arguments comes closest to constituting a legitimate economic exception to the case for free trade? A) the increase-domestic-employment argument B) the cheap-foreign-labor argument C) the diversification-for-st
Revenue deficit: Whenever revenue expenses are greater than revenue receipts, it is termed as revenue deficit.
When MR exceeds both marginal costs and average variable costs at the recent rate of production, in that case a profit-maximizing firm will: (w) increase output. (x) decrease output. (y) have no incentive to change output. (z) be maximizing profits.
By using the production possibility frontier, revel that if a society decides to produce more capital goods associated to consumption goods in year 1, then in year 2 there will be more consumption goods.
A barrier to entry is: (w) an impediment for firms to expand their output capacity. (x) a limit to the number of entrants to a monopolist industry. (y) an obstacle which makes this hard for new firms to enter the industry. (z) the fixed cost to a pote
A reduction in the price of vanilla ice-cream is likely to raise the demand for: (i) Chocolate syrup. (ii) Yogurt. (iii) Watermelon. (iv) Cookies (v) Textbooks. Can someone please help me in finding out the accurate answer from the
As comparing income and wealth: (w) differences in their distributions reflect economic discrimination precisely. (x) wealth is a flow variable, whereas income is a stock variable. (y) inheritance explains income differences more totally than wealth d
The time people focus upon politics and government policies tends to be income elastic. Nonetheless, high wage rates raise the opportunity costs of voting. Mutually, these facts suggest that, which relative to wealthier or higher-income people and low
Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y
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