Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In a pure capitalist system where free markets exist, freedom of enterprise and freedom of choice exist. However, if one chooses to produce that which consumers do not want or at least don't want enough to cover the cost of the scare resources employed, the producer-entrepreneur will find this freedom of enterprise limited by the decisions of consumers in the market place. On the demand side, consumer choice is limited by the prices of products that the consumer wants and the consumer's income, which is limited by the value that the consumer's own resources can earn in the resource market.
How does this concept relate to the invisible hand?
Ambrosia, a small country in the Mediterranean region, has an agriculture-based economy. In recent years, a decline in global trade barriers has led to a massive increase in agricultural production in Ambrosia. Which of the following, if true, would ..
Suppose u(c, c') = ln c+β ln c' , there exists N consumers and each consumer lives for 2 periods. In each period they receive an endowment y, y' and are taxed t, t'. Derive the lifetime budget constraint for both the consumer and government. Define e..
What types of ethical misconduct took place at HSBC Holdings? What consequences did HSBC face as a result of its ethical and illegal actions?
How changing the price elasticity of demand from elastic to inelastic affects the consumer's economic burden of a tax and the government's collected tax revenues?
When a locality is required by federal law to do something, regardless of whether it receives federal funding for that purpose, this duty is called
Between October 1st and October 16th, 2013; the United States experienced partial Government Shutdown. In your view, what were the economic reasons that led to this shutdown? Is it likely for US to experience another shutdown in future?
Precise Engineering Corporation has a contract with Quik Mart Stores to provide customized software for Quik’s inventory control system. Retail Outlets, Inc., Quik’s competitor, induces Sam, a Precise subcontractor who is writing code for the Quik ..
The following questions are based on fixed exchange rate and/or flexible exchange rate regime from the perspective of macroeconomic policy implications in an open macroeconomic model. Assume a country is in a fixed exchange rate regime such as China...
Buffer stocks often have been excessive and costly to maintain because:
Identify which of the following are discrete decisions and which are extinct decisions. Decide whether to expand an existing product into a new region. What discount should be given on products during the upcoming holiday sale? How should you do it? ..
Under oligopolistic market conditions, a. the pricing actions of any one firm have no significant effect on the others b. the pricing actions of any one firm have a significant effect on the others c. no firm can have any control over its output pric..
What are the three common forms of media used by microbiologists and what are their uses?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd