Negative GDP gap
A large negative GDP gap implies: A) an excess of imports over exports. B) a low rate of unemployment. C) a high rate of unemployment. D) a sharply rising price level.
What demand curve illustrates?
A marginal tax rate of 50 percent and an income floor of $6,500 yield a break even income of: (w) $3,250. (x) $6,500. (y) $9,750. (z) $13,000. I need a good answer on the topic of Economics
The Law of Diminishing Marginal Utility defines that the: (i) Satisfaction gained from consuming additional units of a good ultimately decline. (ii) Extra cost of energy from the public utility will ultimately decline. (iii) MUa/Pa = MUb/Pb = ... = MUz/Pz. (iv) Ux/X =
Firms along with output having many perfect substitutes for potential buyers confront as: (w) perfectly price elastic for horizontal demand curves. (x) predatory pricing through more monopolistic firms. (y) price elasticity coefficients of zero. (z) s
Prohibition Corporation’s very famous St. Valentine’s Day software is going within version 6. The very first point Prohibition requires to classify in its quest to maximize profit is the: (1) point e. (2) point f. (3) point g. (4) point h.
Can someone help me in finding out the right answer from the given options. Canadians would ultimately be likely to respond to higher prices for heating oil and natural gas through (i) Turning up their electric blankets and insulating their houses more carefully. (ii)
A marginal tax rate of 75 percent and an income floor of ____ give in a break-even level of income of $8,000. (w) $2,000. (x) $4,000. (y) $6,000. (z) $16,000. Hello guys I want you
What takes place to equilibrium of a commodity when there is a decrease in its demand and increase in its supply? Answer: The equilibrium price will reduce.
Monopolistic Competition: Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the
To discount income which will be received in one year from the interest rate, we: (w) multiply the future income by the interest rate. (x) divide the future income by the interest rate. (y) divide the future income by (1 + the interes
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