Rightward shift of PPC
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
What was rightward shift of PPC point out?
Answer: It points out growth of the resources.
Explain: “Goods and services are scarce because resources are scarce.” Analyze: “It is the nature of all economic problems that absolute solutions are denied us.”
The initial “professional” university professors who taught economic concepts like academic subjects, those were: (1) cosmologists. (2) moral philosophers. (3) socio-biologists. (4) natural historians (5) logicians. (6) mathematicians. (7)
As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizin
What are the major provisions of GATT
What do you mean by inflation
Write short note on Demand?
Elucidate reallocation of resources?
What do you mean by spillover. Write short note on it?
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Briefly explain the term Average cost and Marginal cost?
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