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Explain the concept of “economies of scale” and “increasing returns”.
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
Suppose the value of exports of goods of a country is Rs. 1,000 crores and the value of imports of goods is Rs. 1,200 crores, what will be the trade balance (or balance of trade)?
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
a restrictive monetary policy is designed to shift the
Define the term Supply curve.
The direct economic resources a farmer employs to generate avocadoes would not comprise: (I) human capital in form of expertise regarding growing avocadoes. (II) fertile land. (III) loans from a bank to finance SUCH year’s crop. (IV) machinery,
Depreciation of a currency signifies fall in value of domestic currency in terms of foreign currency. Illustration: When value of rupee in terms of US dollars falls, state from Rs. 45 to Rs. 50 per dollar, it will be a condition of depreciation of Ind
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
When cost of a foreign currency increases its supply too increases. Elucidate why?
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