Who is a normal resident
Normal resident: The persons or an institution who lives in a country and whose centre of interest lies in that country is termed as a normal resident of that country.
The “invisible hand” of the marketplace is a word referring to consider as: (w) government policies to set market prices at equilibrium levels. (x) speculative manipulations which create disequilibrium. (y) automatic adjus
Elucidate: Competition and the “Invisible Hand”?
Briefly describe Financial Leverage? In what manner it is calculated? What does low or high financial leverage signify?
Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
Illustrations of opportunity costs which you might or will have incurred would comprise: (i) severe injuries suffered within an accident since you failed to buckle up. (ii) the income you could earn when you were not in school. (iii) time spent studyi
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
Q X= 600- 6PX + 20I +0.4PY c. Suppose PX increases by 10%, by what percentage would sales decrease? Explain how this price increase affect total revenues from good X.
Describe what do you mean by European Union (EU)?
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