Who will get the goods and services
Who will get the goods and services?
Expert
1. The answer to this question is directly related to how the income is distributed among the individuals and the households and the tastes and preferences of consumers.
2. Products go to those who are willing and able to pay for them.
3. The productivity of the relative supply as well as the resources of particular resources also the possession of resources will determine the income of individuals and households.
4. The resource markets are linked to this decision, which conclude income.
Explain the definition of Economics?
Quantity TR TC 0 $0.00 $10.00 1 $150.00 $30.00 2 $290.00 $50.00 3 $420.00 $80.00 4 $540.00 $120.00 5 $650.00 $170.00 6 $750.00 $230.00 7 $840.00 $300.00 8 $920.00 $
Briefly describe the term cost of capital and also illustrate out its significance?
consumer's interview method for demand forecasting(point to point explain)
Elucidate redistribution of income?
Distinguish between allocative efficiency and productive efficiency. Give an illustration of achieving productive, but not allocative, efficiency?
Question The Current Account captures international fund flows due to net income on (past) investments, net transfers, and i._______________________________, general
Question: Monica has been considering buying a mountain bike. Last month Monica had an income of $30,000. The bike's price was $1000, the composite good price was $1, and she decided not to buy the bike. This month Monica was surprised t
Illustrate the term Positive and Normative Economics?
The price of KnickKnacks is $1 and the price of WigWags has increased with $2 to $3. Therefore: (w) absolute price of KnickKnacks has decreased and the relative price of WigWags has increased. (x) relative and absolute prices of KnickKnacks have
18,76,764
1924289 Asked
3,689
Active Tutors
1422241
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!