What are the strength and weakness
What are the strength and weakness of using per capital national income? give explained answer for query
In market economies, what are the signals which guide economic decisions?
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
I have a problem in economics on Consumer Surplus-Difference consumer willing to pay and what actually pay. Please help me in the following question. The consumer surplus signifies to the difference among the: (i) Satisfaction of wealthy people and th
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
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.
The consumer maximizes the utility whenever spending patterns causes: (i) Total outlays to increase each time prices are altered. (ii) Marginal utilities of each and every good consumed to be equivalent. (iii) Marginal utilities from the last cent spent on each and ev
Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
With the general equilibrium framework in place, the stage is now set for introducing fiscal and monetary changes and analysing their effects on the general equilibrium. We will first introduce a fiscal change in the form of increase in deficit-financed expenditure, a
The equilibrium interest rate is determined
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