Determining type of good
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed?
Answer: Inferior good
The needs standard for income distribution would certainly involve: (w) difficulty in the measurement of productivity. (x) an enormous bureaucracy. (y) greater incentives for production than the contribution standard. (z) economic ef
I have a problem in economics on Labor Unions-Union membership. Please help me in the following question. The union membership is most widespread among: (1) White collar workers. (2) Managers and Supervisors. (3) Blue collar workers. (4) Young, upward
Can someone help me in finding out the right answer from the given options. In short run for a competitive market, a raise in the supply will generally: (1) Raise demand. (2) Not affect the equilibrium price. (3) Lower equilibrium price. (4) Increase equilibrium price
The law of demand is graphically demonstrated by:
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve
The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining. Q : Find unskilled labor for no minimum When there is no minimum legal wage in market for unskilled labor, approximately: (w) 6,000 unskilled workers would earn about $5 per hour. (x) 3,000 unskilled workers would earn about $8 per hour. (y) 4,500 unskilled workers would ea
When there is no minimum legal wage in market for unskilled labor, approximately: (w) 6,000 unskilled workers would earn about $5 per hour. (x) 3,000 unskilled workers would earn about $8 per hour. (y) 4,500 unskilled workers would ea
When new firms enter an imperfectly competitive market, in that case the demand curves of the firms previously in the market will: (w) shift to the left. (x) shift to the right. (y) become vertical. (z) become horizontal. Q : Making investment possible in an The group which ultimately makes investment in an economy possible is: (1) business firms. (2) households which consume less than their disposable incomes. (3) banks. (4) savings and loan associations. (5) financial tycoons. Discover Q & A Leading Solution Library Avail More Than 1438100 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1945652 Asked 3,689 Active Tutors 1438100 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
The group which ultimately makes investment in an economy possible is: (1) business firms. (2) households which consume less than their disposable incomes. (3) banks. (4) savings and loan associations. (5) financial tycoons. Discover Q & A Leading Solution Library Avail More Than 1438100 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1945652 Asked 3,689 Active Tutors 1438100 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1945652 Asked
3,689
Active Tutors
1438100
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!