Taxing imports-whats the problem
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
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Considering how economist’s approaches like questions and the role of generality in modeling. Making an understanding of comparative benefit and employing this in the argument against tariffs.
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
1. Examples of command economies are: A. The United States and Japan. B. Sweden and Norway. C. Mexico and Brazil. D. Cuba and North Korea.
What happens when AD > AS past to full employment level of employment?
Definition of equilibrium price: It is the price which balances quantity demanded and quantity supplied. The equilibrium price is frequently termed as the "market-clearing" price since both buyers and sellers are p
The practice explores how monetary policy influences the economy and the type of factors which are significant in finding out the Monetary Policy Committee’s decision.
How can Equilibrium of a market be exist?
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
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
What are the “powers of the Federal Reserve
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