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.
Meaning of Fiscal policy:Fiscal policy is the set of decisions and principles of a government regarding the extent of public expenses and mode of financing them. It is about the attempt of g
Can someone explain/help me with best solution about problem of microeconomics in economic... Main concerns of microeconomics would consist of: (w) rates of inflation. (x) consumer options. (y) rates of unemploymen
When firms bear the legal incidence of a tax, this is backward shifted while: (1) firms burden consumers by raising their prices. (2) the tax burden is borne by workers in the form of lower wages. (3) resource suppliers seek higher factor payments to
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
What do you mean by the term Equilibrium? Also state its proper definition.
A country’s balance of trade is Rs. 75 crores. The value of imports of goods is Rs. 100 crores. What is the value of exports of goods?
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?
Describe cost-push inflation and its major source.
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