Students Rail Fares-Bransons good deed
‘Are rail companies being sympathetic to students in providing cheaper fares with young person’s rail-cards?’
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Building an understanding of price determination providing differing market power, demand curves, and price discrimination.
Financial institutions make possible economic efficiency primarily since: (w) laissez faire markets handle asymmetric information poorly. (x) corporate ownership must be stabilized. (y) they channel funds from agents along with surplu
For a specified distribution of income within a purely competitive economy, marginal social benefit will the same marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits
Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
As per the marginal productivity theory of income distribution, within a system of market capitalism, in that case income is distributed primarily in accord along with: (1) resource productivity and ownership. (2) how
In the following diagram, the elimination of discrimination is best depicted by: 1) a move from C to E. 2) an inward shift of the production possibilities curve. 3) a move from A to D. 4) a move from E to C. Q : What is Oligopoly Oligopoly : This is a Oligopoly: This is a form of the market in which there are some big sellers of a commodity and a big number of buyers. There is a high degree of interdependence between the sellers regarding their price and output policy.
Oligopoly: This is a form of the market in which there are some big sellers of a commodity and a big number of buyers. There is a high degree of interdependence between the sellers regarding their price and output policy.
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The labor union will not get better its member’s job prospects through: (i) Raising the worker productivity through apprenticeship. (ii) Restricting entry through quotas or high initiation fees. (iii) Lobbying for the tariffs on competing foreign goods. (iv) Col
Negative income tax proposals call for: (w) paying $1 in taxes on every dollar of transfer payments. (x) reducing welfare benefits by levying higher income taxes. (y) instituting consistent work incentives for welfare recipients. (z) establishing a ne
Monopolistic competitors generate differentiated goods which have numerous potential: (1) substitutes and important barriers to entry protecting them from potential rival producers. (2) close substitutes whose suppliers face no long run barriers to en
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