In the quintile distribution of income, the term "quintile" represents
Can someone please help me in finding out the accurate answer from the following question. Siberian Software vends custom programs to multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberi
Can someone help me in determining the right answer from the given options. The production possibilities frontier model can be employed to describe: (1) The scarcity. (2) Full employment, efficiency and limited resources. (3) The opportunity costs and
The amount of goods which people are willing and capable to buy is termed as their: (i) Desires. (ii) Demands. (iii) Requirements. (iv) Needs. (v) Wants. Can someone please help me in finding out the accurate answe
I have a problem in economics on demand-Purchasing goods. Please help me in the following question. The quantity of good consumers will purchase beneath different conditions are termed as consumer: (i) Requirements. (ii) Entitlements. (iii) Wants. (iv
Quotas that restricted U.S. imports of foreign steel between 2001 and 2004 because of the: (w) prices paid by U.S. car buyers to rise. (x) price of gasoline to rise sharply. (y) profits of U.S. steelmakers to drop. (z) quantities of European imports t
Define Ex-ante aggregate demand: This is planned or the desired aggregate demand.
Why, according to Keynes, is investment the key economic variable? Why does he think that the volatility of investment spending is likely to cause a problem of aggregate effective demand? Why does he think that this problem can only be solved by government interventio
If demand for good falls due to increase in its own price. Then what is the change in demand termed? Answer: Contraction of demand
Key questions in evaluating a research report: In brief, there are five key questions you, as a consumer of analytical work, should ask yourself as you are evaluating a research report. 1. What is the purpose of th
For a purely competitive industry in the long run: (i) several firms exit hence others may earn more than normal profits. (ii) established firms reap higher profits than newer firms. (iii) all resources are fixed for the industry as an entire. (iv) pe
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