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Recognize which of the following purchases is counted as a part of NI:
a) Tata motors purchases tire from Good year to equip latest Indica.
b) Tata motors purchases tires from Good year to change worn tires on executives' company cars.
c) An individual purchases 50 shares of Microsoft.
d) You purchased a laptop from USA.
e) Indian Statistical Institute gives Scholarship to the learners.
f) Employee contributes to retirement plan.
g) Maruti sells Zen from its inventory.
The opportunity costs associated with the use of resources owned by a firm are: a. externalities b. implicit costs c. explicit costs d. sunk costs
Describe how exchange rate is expressed in some nation In some nations, exchange rate is expressed using home currency as base currency. In UK for instance, Danish exchange rat
Which of the following is assumed in constructing a typical production possibilities curve? a. the economy is engaging in international trade. b. production technology is fix
A firm's current profits are $1,300,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 6 percen
Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids =
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is
using the ppf model explain the principles of economics of allocative efficiency
unemployment among undergraduates : a battle for job
Aggregate Supply (AS) We now shift our attention to the supply side of the macroeconomy. Aggregate supply explains the production and pricing side of the economy and the behav
What factors find out the price elasticity of demand? Factors which determine the price elasticity of demand are: a. Whether close substitutes are accessible b. Whether t
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