principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
What points out revenue deficit? Answer: Revenue deficits are stated as the surplus of revenue receipts. Revenue Deficit = Revenue Expenditure - Revenue Recei
When doubling your viewing of soap operas to 16 hrs per week reasons your IQ score to drop/fall from a mastermind level of 140 to a sluggish 70, your TV elasticity of brain power will be: (i) + 1.0. (ii) zero. (iii) – 1.0. (d) +0.5. (e) -0.5.
What is the alternative name of value added technique of estimating national income? The alternative name of value added technique of estimating national income is production method.
When speculators are right, their actions: (1) Cause already depressed prices to drop/fall further. (2) Raise the risks to another firm of doing business. (3) Prevent price refuses from their peaks. (4) Reduce both the phase of prices and their volatility across time.
Economists agree that inflation beyond a moderate rate is undesirable as it can often prove disastrous and therefore, it must be kept under control. Economists agree also that an appropriate mix of fiscal and monetary policies can be helpful in controlling inflation.
The direct economic resources a farmer employs to generate avocadoes would not comprise: (I) human capital in form of expertise regarding growing avocadoes. (II) fertile land. (III) loans from a bank to finance SUCH year’s crop. (IV) machinery,
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
What do you understand by the term Price (P) at Market in Economy?
When cost of a foreign currency increases its supply too increases. Elucidate why?
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