Shortage of the good
Describe when there will be a shortage of the good?
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When the real price is lower than the equilibrium price, then there will be a shortage of the good.
According to law of diminishing marginal utility, the longer that Lee and Chris kiss: (i) the less invested each will be in ongoing this relationship. (ii) The nearer they are to reaching their joined production possibilities frontier. (iii) The more
Tom reimburses $5.00 for a ticket to see a present hit movie. If Tom was willing to reimburse up to $7.00 for that ticket, his consumer surplus equals: (1) $5.00 (2) $2.00 (3) $7.00 (4) Tom does not receive any consumer surplus as he purchased the ticket.
What is the basic difference between Market Supply and Individual Supply?
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
If households become more willing to hold less cash and more stocks or bonds, the
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
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