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.
The demand curve along with price elasticity which definitely varies along the curve is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Purchasing power of a consumers income The modification in purchases which results since changes in relative prices modify the purchasing power of a consumer's income is termed as: (i) Adjustment margin. (ii) Income effect. (iii) Demonstration effect. (iv) Transfer pattern. (v) Replacement
The modification in purchases which results since changes in relative prices modify the purchasing power of a consumer's income is termed as: (i) Adjustment margin. (ii) Income effect. (iii) Demonstration effect. (iv) Transfer pattern. (v) Replacement
Opportunity costs and prices tend to be decreased by: (w) competition among speculators and other intermediaries. (x) price floors. (y) the exercise of monopoly power. (z) price ceilings. How can I
Saving function: The relationship among saving and income is termed as saving function.
The excess of papayas would appear when: (1) seller’s supply prices increase to P1. (2) Govt. set a price ceiling of P1. (3) Growers predicted prices to soar. (4) Hurricane destroyed all Central American papaya plantations. (5) Government obliged a price floor o
Features of pure competition do not comprise: (w) homogeneous products.(x large numbers of potential buyers. (y) important barriers to entry. (z) large numbers of potential sellers. Can anybody suggest me the prope
Illustrations of price floors comprised: (1) agricultural subsidies upon, for example: corn. (2) usury laws, that are limits on the interest rates on loans. (3) utility rate structures upon natural gas or electricity. (4) rent controls in London, San
The market value of an asset or potential investment project is most specific to rise when typical investors expect: (w) after-tax rates of return by investing to exceed the interest rate applicable for assets or investments along wit
Assume that a monopolist face a stable negatively-sloped demand curve. Making more sales needs the monopolist to: (1) advertise its product. (2) decrease the price of the product. (3) lower its marginal revenue. (4) improve its technology. (5) increas
18,76,764
1938948 Asked
3,689
Active Tutors
1460730
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!