principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i
The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?
How would your policy proposals influence the market for parking?
The Income effects will be most strongly positive for: (1) Normal goods. (2) Necessities. (3) Superior or luxury goods. (4) Substitutes and much negative for the complements. Find out the right answer from the above options.
The equilibrium interest rate is determined
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
The least apparent illustration of how decisions are generally ‘at the margin’ would be: (i) Purchasing an additional novel after learning that all paper-backs at Borders are on sale for 25 percent off. (ii) Tossing a 6-year old cousin to the deep end of t
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
discuss with the help of IS-LM model why money has no effect on output in classical supply case
Implication of Fiscal deficit A) It raise the supply of money in the economyB) It rises financial burden for future generation.C) It is the cause of inflation.
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