Question
The _________ is a measurement of a country’s overall
trade where the value of the goods and services it imports exceeds the value of the products it exports.Solution
The current account deficit (CAD) is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, such as foreign aid.
The positive cross elasticity of demand between two products means the two products
Which one of these is an exception to the law of demand?
The goods whose demand is not tied with the demand for some other goods are said to have
Who introduced the concept of elasticity of demand?
Economics of scale means
Diamond-water paradox establishes the fact that
Which of the following is/are the causes of demand curves moving downwards to the right?
Movement along a demand curve as a result of change in price is known as
Dynamic forces operating in the economy create various kinds of economic fluctuations which are termed as trends in the economy. Which of the following...
When AR is constant, MR is
