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Balance of Payments All countries have economic transactions with other countries. These consist of import and export of goods and services, official and private gifts and don
1. An innovator, who creates new products and new ways to get business done, is referred to as: Select one: a. A manager. b. A capitalist. c. An entrepreneur. d. A creditor. 2
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Explain the facts or economics rate Boom: The period leading up to the peak of the cycle when an overheating economy is experiencing high GDP growth and inflationary pressures
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
with the help of a graph, explain factors that may cause a shift in the balance of payments
benefit of GDP
Multiple Expansion We have seen that a single bank in a banking system can lend rupee for rupee with its excess reserves. What is the lending ability of the commercial banking
Define the term- inflation Inflation between two points in time is defined as the percentage increase of price index between these two points in time.
POSITIVE AND NORMATIVE ECONOMICS Economics as a social science adopts an analytical approach to the study of changes in economic variables on the actions of human beings. Th
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