Examples of command economies
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
The curve which could demonstrate the demand for a good which has price elasticity equal to one is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : State the meaning of Inflationary Gap State the meaning of Inflationary Gap: This refers to the amount by which the real aggregate demand exceeds the level of aggregate demand needed to establish full employment equilibrium.
State the meaning of Inflationary Gap: This refers to the amount by which the real aggregate demand exceeds the level of aggregate demand needed to establish full employment equilibrium.
An individual or organization which simultaneously purchases low and sells high in various markets is a/an: (i) Angel duster. (ii) Escalator. (iii) Arbitrageur. (iv) Finagler. (v) Optimizer. Can someone please help me in find
1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
Select the right answer of the question. We would expect a cartel to achieve: A) both allocative efficiency and productive efficiency. B) allocative efficiency, but not productive efficiency. C) productive efficiency, but not allocative efficiency. D) neither allocati
When a measure of the responsiveness of one variable to other (for example, quantity supplied [or demanded] to changes within price), elasticity: (w) provides no criterion for identifying responsiveness. (x) depends on the units used to express change
When individuals or families have adequate resources [for example, employment opportunities] to escape a state of destitution, although choose not to, they are experiencing as: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of pove
The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the
What is the condition when there is a deficit in balance of trade? Answer: When import > export
State the relationship among Average Product and Marginal Product? A) If MP > AP, then AP is rising B) If MP = AP, then AP is maximum C) If MP < AP, then AP is falling
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