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.
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 are the four supply factors of economic growth
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
What occurs to aggregate demand if the government budget is in deficit? Answer: The deficit budget raises the aggregate demand since the deficit budget signifies th
I have a problem in economics on Change in real income when price fall. Please help me in the following question. When gas prices drop from $2.65 to $2.45, the biggest change in real income is realized by: (1) Harry Hustler who drives his 1995 Lincoln 200,000 miles/ye
When cost of a foreign currency increases its supply too increases. Elucidate why?
Adam Smith disputed that a nation’s wealth is, not the gold it possesses, but instead its: (1) Total population. (2) Capability to offer goods for its people. (3) Domestic financial capital. (4) Foreign investments. (5) Military might.
Hello guys I need your advice. Please advise your view for following economics problems. Microeconomic goals consist of: (w) full employment. (x) efficient allotments of resources. (y) price level stability. (z) ec
The direct economic resources a farmer employs to generate avocadoes would not comprise: (I) human capital in form of expertise regarding growing avocadoes. (II) fertile land. (III) loans from a bank to finance SUCH year’s crop. (IV) machinery,
How can governments seek to control their national economies through fiscal and monetary policies?
18,76,764
1952737 Asked
3,689
Active Tutors
1415204
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!