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.
When in an economy intended investment is more than intended savings, then what is the consequence of it on the national income? Answer: When I > S, the level of
Macroeconomics is a study of: (1) the economy as an entire or in the aggregate. (2) worldwide economic problems of individual households. (3) interactions among firms and households in one exact market or industry. (4) the rising income inequality wit
Threats of SWOT analysis: • Possible threat from other banks and other financial institutions • There is always a possible threat of market fluctuations. By this we me
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
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
According to law of diminishing marginal utility, the longer that Lee and Chris kiss: (i) the less invested each will be in ongoing this relationship. (ii) The nearer they are to reaching their joined production possibilities frontier. (iii) The more
With the help of graph discuss the determinants of transaction demand.
What is another name of macroeconomics? Answer: Income theory
The demand for a resource will increase if the
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
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