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Q. Define government surplus?
Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spending and interest charges).
Sustainability: A condition in which economy doesn't utilize more resources from natural environment than can be replenished by normal reproductive capacity of the environment, and doesn't expel more pollution into the environment than can be absorbed without ongoing deterioration in environmental quality. Only a sustainable economy can function long into future without encountering environmental or natural limits.
Explain how diminishing returns differ from diminishing returns to scale. The answer should clearly distinguish among SR (one or more factors are fixed) and LR (where all facto
what is the langrangian function
A 5-years Rs.100 debenture of a firm can be sold for a net price of Rs. 96.50. The coupon rate of interest is 14 per cent per annum, and the debenture will be redeemed at 5 per cen
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what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
Consider an economy with high innovative potential, but where saving is insufficient to fund innovative investments. Use Garrison's capital-based macroeconomics to explain how more
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why can methane not be prepared by this reaction
In the table below are given the output (X), T.C., and Price for a firm. Complete the following table, and then answer the questions at the bottom of the table. X T.C P=A.R
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