principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?
Since the percentage of income paid in taxes generally declines as taxpayer income increases, standard sales taxes and “sin” taxes [for example, excise taxes upon liquor or tobacco] are illustrations of: (1) proportional t
Whenever the price of a good all along a demand curve is modified since of a change in supply, the substitution effect is the modification in purchases of a good which result from a change merely in: (1) The associative price of that good. (2) Consumer tastes and prio
With the help of graph discuss the determinants of transaction demand.
IN which situation, there is a deficit in the balance of trade.
Land, capital and labor are all scarce since: (1) advertising mainly over stimulates human wants. (2) once employed they cannot be used again. (3) each productive resource needs a monetary return for its employ. (4) inheritance under a capitalism prot
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Question: A county with a fixed or managed exchange rate would consider i.___________________ its currency if the country is worried about domestic inflation. ii. Briefly Explain? Q : Inflation Inflation is frequently Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
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