Econ question
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Define the term Supply curve.
The basic determinant of the transactions demand for money is the
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.
Read the article on blackboard in the assignments area, John McCallum "Agriculture and economic development in Ontario and Quebec until 1870", Gordon Laxer, ed. Perspectives on Canadian Economic Development: Class, Staples, Gender and Elites (Toronto: Oxford Universit
What is the base of categorizing receipts into revenue and capital receipts?
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
"In corn market, demand often exceeds supply and supply sometimes exceeds demand." "The price of corn rises and falls in response to changes in supply and demand."
Land, capital and labor are all scarce since: (1) advertising mainly over stimulates human wants. (2) once employed they cannot be used again. (3) each productive resource needs a monetary return for its employ. (4) inheritance under a capitalism prot
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