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 happens when AD > AS past to full employment level of employment?
What are the Steps to analyze modifications in equilibrium?
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?
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
Adam Smith disputed that a nation’s wealth is, not the gold it possesses, but instead its: (1) Total population. (2) Capability to offer goods for its people. (3) Domestic financial capital. (4) Foreign investments. (5) Military might.
Question: Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem will necessarily involve a decision about which
I have a problem in economics on Consumer Surplus-Difference consumer willing to pay and what actually pay. Please help me in the following question. The consumer surplus signifies to the difference among the: (i) Satisfaction of wealthy people and th
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
What stage of the business cycle is our economy experiencing at present time? proof your answer.
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