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Include graphs and should be 15 pages long
What is the base of categorizing receipts into revenue and capital receipts?
Elucidate the basis of categorizing government receipts into revenue receipts and capital receipts. Answer: Revenue Receipts: The government revenue receipts are such receipts A) that neither makes liability
Explain with examples the reasons for exceptional demand curve
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
The consumer gains from being capable to purchase at a single price rather than paying all that the particular quantity of the good is subjectively worth are: (i) Adverse selections. (ii) Market exploitation. (iii) Consumer surpluses. (iv) Moral hazards.
If the liability to give a tax is on one person and the burden of tax fall on some other person, state the kind of tax? Answer: These are indirect taxes like sales
In market economies, what are the signals which guide economic decisions?
Macro Economics: Macro economics studies the economy as an entire.
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