Describe double coincidence of wants
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
Which of the given is not a characteristic of a perfectly competitive market structure: w) there are a very huge number of firms which are small compared to the market. x) All firms sell the same products. y) There are no restrictions to entry through
Relative to most of the other countries, the United States encompasses historically relied more greatly on: (1) Public resource ownership and private income distribution. (2) Decentralized decision making and private resource ownership. (3) Exports of textiles, automo
Explain the statements: The market system not only accepts self-interest as a fact of human existence.
Illustrate other than price many factors determine the outcome?
Would a decline in U.S. consumer income or a weakening of U.S. preferences for foreign products cause the dollar to depreciate or appreciate? Other things equal, what would be the effects of that depreciation or appreciation on U.S. exports and imports?
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
Describe briefly Low financial leverage, low operating leverage?
Define cyclical fluctuations?
Give a brief introduction of the term Cost of preference shares?
Write short note Economics?
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