What are the strength and weakness
What are the strength and weakness of using per capital national income? give explained answer for query
Tariffs: -are also called import quotas. -may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). -are per unit subsidies designed to promote exports. -are excise taxes on goods exported abroad.
What do you mean by the term Competitive market?
Implication of Fiscal deficit A) It raise the supply of money in the economyB) It rises financial burden for future generation.C) It is the cause of inflation.
Define the term Supply curve.
Economic growth is measured by the rate of increase in national output, GDP. The output depends on inputs -labour, capital technology etc. the theories of economic growth bring out how and to what extent each input or factor contributes to the g
The demand for a resource will increase if the
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
The least apparent illustration of how decisions are generally ‘at the margin’ would be: (i) Purchasing an additional novel after learning that all paper-backs at Borders are on sale for 25 percent off. (ii) Tossing a 6-year old cousin to the deep end of t
Does full employment take place if AD = AS or S = I?
If the price of K declines, the demand curve for the complementary project J will:
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