Define deficit budget
Deficit budget: When expenditure of the government is greater than its receipts, it is termed as deficit budget.
A firm can practice price discrimination when this: (i) confronts a perfectly elastic demand curve. (ii) is a pure quantity adjuster. (iii) has several monopoly power and is capable to separate its customers in various groups with different elasticiti
When wage discrimination is not possible for first 40 workers then this profit-maximizing firm hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average wage of the
Tell me the answer of this question. Collective bargaining agreements cover: A) wages and hours. B) union status. C) seniority and job opportunities. D) all of the above.
The Purely competitive labor markets are not characterized through: (1) Most of the individual sellers and buyers of labor services. (2) Wages equivalent to the marginal resource costs. (3) Labor unions. (4) Price taking sellers and buyers of the labo
For identical level of guaranteed transfer payments, the earn income and incentive to work is probable to be: (w) greater with a negative income tax than with transfers in kind. (x) greater with transfers in kind than
Lower bond prices follow through higher: (w) interest rates. (x) real estate speculation. (y) present value of future income by the bonds. (z) growth rates of national income. Please choose the right answer from ab
A profit-maximizing monopolist which does not price discriminate and that faces a demand curve that is higher at some output levels than is the firm’s average variable cost curve finds out price and quantity where: (w) profit pe
When firms possess market power, national output and employment are least likely to be reduced as a result of: (1) occupational discrimination. (2) human capital discrimination. (3) wage and price discrimination. (4) personal discrimi
The transfer of wealth from industrialized countries to oil exporting countries (OPEC) which followed skyrocketing oil prices within the 1970 year indicates such that the price elasticity of demand for oil: (w) relatively low. (x) relatively high. (y)
Refer to the following domestic production possibilities curve for Karalex. The gain to Karalex from specialization and international trade is represented by a move from: 1) A to B. 2) C to A. 3) C to D. 4) B to E. Discover Q & A Leading Solution Library Avail More Than 1439714 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1957598 Asked 3,689 Active Tutors 1439714 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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