Completeness: It is assumed that any two bundles can be compared. That is to say that the consumer can make a choice
Reflexive: we assume that any bundle is at least as good as itself
Transitive: if a consumer assumes that bundle X is at least as good as bundle Y and bundle Y is at least as good as bundle Z then bundle X is at least as good as bundle Z.
Dana05 answered the question on August 15, 2019 at 13:58
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How do price and income policies control inflation
(Solved)
How do price and income policies control inflation
Date posted:
August 15, 2019
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Answers (1)
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How do monetary policies control inflation
(Solved)
How do monetary policies control inflation
Date posted:
August 15, 2019
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Answers (1)
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How do fiscal policies control inflation
(Solved)
How do fiscal policies control inflation
Date posted:
August 15, 2019
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Answers (1)
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What are consumer preferences?
(Solved)
What are consumer preferences?
Date posted:
August 15, 2019
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State the various policies used as remedies of inflation
(Solved)
State the various policies used as remedies of inflation
Date posted:
August 15, 2019
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Highlight the external effects of inflation
(Solved)
Highlight the external effects of inflation
Date posted:
August 15, 2019
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Identify the internal effects of inflation
(Solved)
Identify the internal effects of inflation
Date posted:
August 15, 2019
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Highlight the methods used to correct the trade deficit in the J curve phenomenon
(Solved)
Highlight the methods used to correct the trade deficit in the J curve phenomenon
Date posted:
August 14, 2019
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Describe the J curve phenomenon
(Solved)
Describe the J curve phenomenon
Date posted:
August 14, 2019
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Differentiate between the flexible and fixed exchange rate regimes
(Solved)
Differentiate between the flexible and fixed exchange rate regimes
Date posted:
August 14, 2019
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Define the following terms: Exchange rate, Depreciation of the currency, Devaluation Appreciation, Terms of trade
(Solved)
Define the following terms:
- Exchange rate
- Depreciation of the currency
- Devaluation
- Appreciation
- Terms of trade
Date posted:
August 14, 2019
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Answers (1)
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Briefly explain the factors that cause a shift in the balance of payments curve
(Solved)
Briefly explain the factors that cause a shift in the balance of payments curve
Date posted:
August 14, 2019
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Answers (1)
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Why is the balance of payments curve positively sloped
(Solved)
Why is the balance of payments curve positively sloped
Date posted:
August 14, 2019
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What is the balance of payments made up of?
(Solved)
What is the balance of payments made up of?
Date posted:
August 14, 2019
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Give the definition of balance of payments
(Solved)
Give the definition of balance of payments
Date posted:
August 14, 2019
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Explain the factors that cause changes in the general equilibrium
(Solved)
Explain the factors that cause changes in the general equilibrium
Date posted:
August 14, 2019
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The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand...
(Solved)
The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand = 0.2Y – 10r
Find the values of Y, C, T, M and I
Date posted:
August 14, 2019
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Answers (1)
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What is the effect of decrease in income on the interest rate?
(Solved)
What is the effect of decrease in income on the interest rate?
Date posted:
August 14, 2019
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Answers (1)
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What is the effect of increase in income on the interest rate?
(Solved)
What is the effect of increase in income on the interest rate?
Date posted:
August 14, 2019
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Answers (1)
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What is the effect of decrease of money supply on the interest rate?
(Solved)
What is the effect of decrease of money supply on the interest rate?
Date posted:
August 14, 2019
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Answers (1)