Business Economics
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How can we compute operating leverage?
Explain by giving example of an absolute advantage in production of two products?
What is the most important source of revenue and the major type of expenditure at the local level?
Elucidate the Local expenditures and receipts for all local governmental units in 1996?
Normal resident: The persons or an institution who lives in a country and whose centre of interest lies in that country is termed as a normal resident of that country.
The major implication of Adam Smith’s conception of an “invisible hand” was such that: (w) pursuit of individual self interest must be controlled. (x) most people lose sight of what’s good for society. (y) most
Over the long-run the speculators activities are tend to: (1) decrease the volatility of prices. (2) attract legal attention and result in imprisonment. (3) increase the level and volatility of prices both. (4) yield tremendous profits and raise costs
Elucidate types of unemployment?
surpluses drives price down,shortages drive up
Describe the Functional distribution of income?
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