implications of law of demand
what are the implications of law of demand to the government,household and business
Production which generates negative externalities: (w) would lead to underproduction and overpricing of goods. (x) increases producers’ costs of production. (y) increases consumers cost of purchasing the good. (z) would cause the market price of
Absolute and complete inequality into the distribution of income or wealth would be reflected within the Lorenz curve demonstrated as: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'. (v) line 0F0'. Q : Elucidate GNI per capita Elucidate GNI Elucidate GNI per capita?
Elucidate GNI per capita?
Chose the right answer from the following . The marginal benefit curve is: 1) upsloping because of increasing marginal opportunity costs. 2) upsloping because successive units of a specific product yield less and less extra benefit. 3) downsloping because of increasin
Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.
The percentage of American families that stay put destitute year after year is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Hello guys I want your advice. Please recommend some views for above Economics problem
The states which have ‘Right to Work’ laws, and collective bargaining agreements: (i) Can’t need all the employees to join a union in a certain period after being hired. (ii) Generally specify the number of employees a firm should hire. (iii) Should
It is frequently said that a good theory is one which can in principle be refuted by an empirical, data-oriented study. Describe why a theory which cannot be evaluated empirically is not a good theory.In evaluating theory there are two steps: f
When all households have equal incomes, in that case the Lorenz curve would be: (w) zero. (x) a 45 degree line. (y) 1. (z) rectangularly hyperbolic. Hey friends please give your opinion for the problem of E
Sets of complementary goods comprise: (w) pipes, chewing tobacco, and snuff. (x) gasoline, diesel, and gasohol. (y) swimsuits, diving boards, and swimming pools. (z) Jacuzzis, saunas, and steam baths. Hello guys I
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