demand forecasting
consumer's interview method for demand forecasting(point to point explain)
Describe redistributive effects of inflation?
Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?
Nature and Scope of Economics: Introduction Economics is a social science that
What is the most important source of revenue and the major type of expenditure at the state level?
This is difficult for firms within highly competitive markets to exploit consumers since: (i) consumer advocates organize boycotts that generate bad publicity. (ii) market pressures force fair distributions of products. (iii) the government sets price
Newspaper item: “Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use th
What 2 points are required to emphasis foreign exchange market?
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Elucidate redistribution of income?
Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t
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