Microeconomics
is studying economic worth your time and effort
what are the four factor of economic growth
What relationship does the MPC bear to the size of the multiplier
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.
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Whenever you dine at an “all-you-can-eat” buffet, the rational consumption prototype is to carry on eating till: (1) The restaurant goes bankrupt. (2) You have eaten as much food as it would encompass cost had you made your own meal at hom
Illustrate, why is tax not a capital receipt?
Tariffs: -are also called import quotas. -may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). -are per unit subsidies designed to promote exports. -are excise taxes on goods exported abroad.
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
Help me with this assignment! Just 25 questions! Thank you so much!
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
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