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.
What are the limitations of using GDP as an index of welfare of a country?A) The N.I. figures provide no indication of the population, skill and resource of the country. Thus the levels of welfare stay low.B) A higher N.I. migh
If disposable income increases from Rs. 1,000 to Rs. 1,100, savings increase by Rs. 30. Determine the marginal propensity to save and marginal propensity to consume?
How can we analyze the number of event that influences the market?
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
Briefly explain the four supply factors in economic growth?
Explain the impact of changes in fiscal and monetary policies in curtailing inflation?
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