Transfer income in national income
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Is transfer income involved in national income? Explain Why?
Answer: No, since transfer income does not effect in the production of services and goods.
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi
How does society decide its optimal point on the production possibilities curve?
Using a random sample of 670 individuals for the population of people in the workforce in 1976, we want to estimate the impact of education on wages. Let wage denote hourly wage in 1976 U.S. dollars and let educ denote years of schooling. We obtain the following OLS regression line: wage = -0.54
need urgent help in business economics, please suggest
Opportunity Cost:Whenever you select a particular alternative, the next best alternative should be given up. For illustration, when you desire to watch cricket highlights in T.V., you should
Illustrate Freedom of enterprise and choice exist?
Just need help to see if I am in the right direction if there any think wrong need help with it.
How will the system accommodate change?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
18,76,764
1940832 Asked
3,689
Active Tutors
1427131
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!