Function of money in economy
State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.
State the main function of money in economy?
Answer: The major function of money in an economic system is to ease the exchange of services and goods.
When the income distribution is acceptable and no externalities survive, purely competitive market demand curves as: (w) also marginal social benefits curves. (x) inverted marginal social cost curves. (y) horizontal at the market pric
When a monopolist’s marginal costs of production are positive and the demand curve, this faces is a negatively sloped straight line, as of the subsequent possibilities the absolute value of the price elasticity of demand at a pr
I have a problem in economics on Craft Unions problems. Please help me in the given question. The craft unions arrange all the workers: (i) In a given industry or firm, despite of skill or craft. (ii) In a specified craft, even when they work for dist
Can someone please help me in finding out the accurate answer from the following question. The business vice president employs company money to furnish an excessively plush office. This is an illustration of: (1) Corporate surplus in America. (2) The principal-agent p
I have a problem in economics on Hicks Model of Collective Bargaining. Please help me in the following question. The period of union strikes and the equilibrium wage rate at conclusion of a strike are the focus of: (i) Taft-Hartley Act of 1948. (ii) B
When output is expanded, then a firm's total revenues: (1) are maximized where marginal revenue is zero. (2) decline whenever average revenue falls. (3) rise more quickly the faster marginal returns diminish. (4) are maximized where profit is maximize
All transaction costs would be zero when: (1) Congress required current prices to be cut by eighteen percent. (2) market information and transportation were both costless. (3) market prices were legally restricted to production costs. (4) inflation we
Welfare is explained as being received while: (w) the ratios of personal benefits received by government programs associate to taxes paid are greater than for the average citizen. (x) economic rents are earned by owners of inputs. (y) a productive inp
Technological advances have raised agricultural productivity enormously among 1800 and nowadays, and therefore, the relative incomes of family farmers declined dramatically. There hardships endured through American farm families throughout this period
From roughly 1975 year, the proportion of the U.S. population into the Bureau of the Census category that is “middle relative income” where the “middle class’ has: (1) grown since many former u
18,76,764
1926735 Asked
3,689
Active Tutors
1418231
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!