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.
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
Can someone help me in finding out the right answer from the given options. The substitution effect is fully explained when: (i) Brandon just eat tofu since he is on a diet. (ii) A rise in the price of corn chips drives up demand for the salsa. (iii)
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Tariffs: -are also called import quotas. -may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). -are per unit subsidies designed to promote exports. -are excise taxes on goods exported abroad.
Between 1961 and 2007, the rising share of the Canadian population in paid employment contributed to rising GDP per person. But suppose that the share of the Canadian population in paid employment had remained constant between 1961 and 2007. What would Canadian GDP pe
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
When heroin were legalized, in that case the: (w) market price of heroin would drop considerably. (x) demand would raise although supply would decrease. (y) demand would decrease but supply would increase. (z) price of cocaine would raise. Q : Determining bank problem Which of the Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
Please brief the knowledge what is long run supply?
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