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Who decides what goods services will be produced and sold in the US?
Ans) It is mostly the American consumer. The US government also plays a big role in the nation's economy, constituting roughly 36% of GDP - making it the major and therefore most influential economic institution and consumer. Manufacturers or those controlling supply may also manipulate demand by advertising and popular media.
Are there any current subsidy or welfare issues that are being discussed or addressed in parliament or in municipalities
What is productivity? Productivity or average product (AP): It is output person which is output divided through number of workers AP= Q/L. There labour Productivity can
Assume the residents of an economy spend all of their income on cauliflower, broccoli and carrots. In 2003 they buy100 heads of cauliflowers for Rs. 200; 50 bunch of broccoli f
ABC Sports, a store that sells various types of sports clothing and other sports items, is planning to introduce a new design of Arizona Diamondbacks' baseball caps. A consultant h
The Concept of Taxation is explained below: Taxes are the general purpose, compulsory contributions by people to the public treasury (or national exchequer) to meet the expendi
Suppose that midterm grades determine your nal course grade putting the Midterm 1 grade on the horizontal axis and the Midterm 2 grade on the vertical axis, draw indifference curve
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The enrollment in a course offered by the College of Business is random and is described by the following probability distribution: there is a 9% chance of 18 students, 22% chance
how to solve problem of scarcity and choice
Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?
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