Transfer income in national income
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Is transfer income involved in national income? Explain Why?
Answer: No, since transfer income does not effect in the production of services and goods.
Explain the statements: The market system provides such a variety of desired goods and services precisely.
The new supply and demand curves within University City are S0 and D0. But after the county commission imposed a $3 per six-pack excise tax upon beer: (1) demand fell to D1 from the perspectives of beer dealers. (2) co
What are the determinants of demand?
The first comprehensive work upon economics written within English was authored through Adam Smith in 1776 year and entitled that “An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand.” (2) Wealth of Nations.” (3
Who are the major players in international trade today? Besides Japan, what other Asian nations play significant roles in international trade?
Elucidate the gains that have occurred using the resources as before specialization?
Early in the 18th century, a leading industrialist responded to an advisor of King Louis IV of France, who asked how the crown could most excellent facilitate the world of commerce, along with “Laissez nous faire,” that im
Illustrate the rate of exchange of two products?
Describe briefly high financial leverage, low operating leverage?
While productive resources are utilized efficiently: (w) prices greatly exceed production costs for current outputs. (x) opportunity costs are at their minimums for all goods. (y) domestic production exceeds the value of foreign output. (z) the value
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