What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Quetion: Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
The equilibrium interest rate is determined
Whenever the price of a good all along a demand curve is modified since of a change in supply, the substitution effect is the modification in purchases of a good which result from a change merely in: (1) The associative price of that good. (2) Consumer tastes and prio
As longer time periods are taken and a bigger range of adjustments (or substitutions) become obtainable, then demand curves tend to become: (1) flatter, as supply curves become steeper. (2) Steeper as supply curves become flatter. (3) Flatter, and therefore do supply
Macro Economics: Macro economics studies the economy as an entire.
IN which situation, there is a deficit in the balance of trade.
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