Capital Goods
In the above diagram, the elimination of discrimination is best represented by
In the market economies, resources are finally owned by the: (i) Corporations which dominate the economic activity. (ii) Proprietorships and partnerships. (iii) Business firms collectively. (iv) Individual house-holds. (v) Government acting as the social trustee.
Price elasticities of supply and demand do NOT: (w) reflect desperation for goods and customers by buyers and sellers, respectively. (x) rise as the time period considered is expanded. (y) find out the economic incidence of a tax. (z) find out the leg
The agreements not to join unions were once general needs for employment. Now outlawed, such are termed as: (1) Blacklist contracts. (2) Feather-bedding certificates. (3) Employment screens. (4) Exclusionary provisions. (5) Yellow dog contracts. Q : Illustrations of Micro economic Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings
Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings
From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Q : Unstable Cartel Agreement Cartel Cartel agreements tend to be unstable since: (1) outputs are homogenous. (2) cooperation replaces competition. (3) all governments oppose cartels. (4) members have incentives to cheat. (5) All of the above. Hello g
Cartel agreements tend to be unstable since: (1) outputs are homogenous. (2) cooperation replaces competition. (3) all governments oppose cartels. (4) members have incentives to cheat. (5) All of the above. Hello g
Calendar Anomaly: Calendar anomalies can be defined as any irregularity or consistent pattern occurring at a regular interval or at a specific time in calendar year. Presence of these anomalies in a calendar year is the biggest threat to the concept o
Within the long run, a monopoly cannot continually produce economic profit unless: (w) economies of scale are important. (x) corporate taxes are lowered. (y) barriers to entry are significant. (z) the monopolist maximizes profit.
Market forces tend to produce a natural monopoly while: (1) decreasing costs are small relative to market demand for output. (2) diseconomies of scale are substantial at low levels of output. (3) economies of scale are substantial relative to market d
“Welfare by the poor to the rich” is best illustrated when: (1) an l8 year old dishwasher pays Social Security taxes to give payments to a 67 year old retired vice president of General Motors. (2) federal highway funds are diverted to a ma
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