Market system
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
A country’s balance of trade is Rs. 75 crores. The value of imports of goods is Rs. 100 crores. What is the value of exports of goods?
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What must be added to NNPMP to obtain net national disposable income? Answer: The Net current transfers from abroad must be added to NNPMP to get national disposabl
Gross domestic capital formation is always greater than gross fixed capital formation
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
The Financial Account captures international fund flows due to
Question: Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have o
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
What is the role of price in market economies?
Describe when there will be a surplus of the good?
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