What are the strength and weakness
What are the strength and weakness of using per capital national income? give explained answer for query
The founder of utilitarianism be: (1) Adam Smith. (2) John Stuart Mill. (3) Jeremy Bentham. (4) Feodor Dostoyevsky. (5) Thorstein Veblen. (6) Alfred Marshall. Can someone help me in getting through this problem.
Describe when there will be a surplus of the good?
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
Individuals maximize the satisfaction whenever the marginal utilities of all goods are: (i) Precisely proportional to the consumer’s income. (ii) Maximized. (iii) Precisely proportional to the opportunity costs of consuming them. (iv) Equivalent
Describe Aggregate Expenditure model and also state AD/AS model?
Define the term Supply curve.
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.
Bank rate: This is the rate at which the central bank loans money to commercial bank.
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