principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
Imperfect information at times causes consumer’s attempts to maximize their contentment to fail since: (i) Prospects are imperfectly realized, and trial-and-error prototypes can lead to mistakes. (ii) Sellers might exploit asymmetric information
What is the base of categorizing receipts into revenue and capital receipts?
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
IN which situation, there is a deficit in the balance of trade.
Does a surplus of AD over AS always entail a condition of inflationary gap? Answer: No. Inflationary gap takes place only if AD > AS equivalent to full employmen
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
What are the strength and weakness of using per capital national income? give explained answer for query
Imports and American cars are much close however not perfect replacements. When the U.S. govt. tried to enhance American car sales by setting a price ceiling of P1 on imported cars: (i) The quantity of cars imported will drop/fall from Q0 to Q1. (ii)
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