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.
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
Determine the value of MPC whenever MPS is zero? Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
Can someone please help me in finding out the accurate answer from the following question. The Income effects are: (i) Adjustments people make since the purchasing power of the given income is modified whenever prices change. (ii) Adjustments people make since the pur
Why are receipts from taxes classified as revenue receipts? Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor r
The basic determinant of the transactions demand for money is the
discuss with the help of IS-LM model why money has no effect on output in classical supply case
How does an internally held public debt differ from an externally held public debt?
Explain the concept of “economies of scale” and “increasing returns”.
If households become more willing to hold less cash and more stocks or bonds, the
Name the institution that acts as a custodian of nation’s foreign exchange reserves? Answer: The Central Bank is an institution that acts as custodian of natio
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