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no indifference curve can intersect due to all points on indifference curve are ranked equally preferred and ranked or less more preferred than each
is it true that government revenues are increased because of lower tax ratesans it is true to a point the laffer curve determines that revenues
consumption is an old name for tuberculosis tb that explains how the illness wastes away or consumes its victims tb is an ancient enemy that has
what is the difference between an economic luxury and an economic necessityans an economic luxury is wasting land on pools huge garden etc an
collateral management is a function to handle collateral effectively it gives interface to enter collateral data and it has a master data of
when a government spends more than it receives in taxes it runs a budget deficit which is generally covered by issuing debt obligations to domestic
what are the advantages of leaving resource allocation to price allocationans the 5 benefits are neutral flexible freedom of choice no administrative
this is an examination of costs and revenue to explain whether a venture will make a profit this is significant information in deciding on whether to
members of the organization for economic cooperation and development are 20 countries formerly signed the convention on the organization for economic
consider the case of cleaning up chemical contamination at an industrial site the marginal benefits of additional cleanup are decreasing as the
it refers to the study of feasibility of a project in terms of its total economic cost and total economic advantages it means to compare total cost
capitalism is the dominant most used form of government there is in the globe today presently over 80 of countries use capitalism and a free market
trade barriers come in a lot of forms quota is one this is when a country sets a limit to the imported products this is completed for a number of
the benefits of capitalism are that the governments have limited control over other business which lets business
project feasibility study is needed to make a decision whether the project proposal is technically and economically possible after finalization
privatization is the move of ownership from the public sector government to the private sector
what is the impact on the economy if price ceiling or price floor were removedans price ceiling is government system or laws setting price floors or
price mechanismprice mechanism is the point which equilibrates supply and demand within a market it is a mechanism of pricing the price mechanism is
an experiment is explained by an exponential random variable with mean and x1 and x2 a proposed test of the hypothesis 2 next to the alternative
differences between absolute advantage and comparative advantage ans absolute benefit and
benefits of regional integration most economic experts cite that regional integration permits disadvantaged countries to realize economies of scale
what are the differences between perfect competition and monopoly competitionans in a monopoly you are gaining an unfair benefit over any competition
to determine of the wealth is earned by nations by economic activates all around the globegross national income comprises the total value of goods
oligopoly is a marketplace where the deliver is controlled by a small group of companies in this condition the actions of single company will have a