Perfect goods are goods that are always consumed together in fixed proportions. The indifference curves are L – shaped, with the vertex where the number of one good is equal to the number of the other good
Dana05 answered the question on August 15, 2019 at 14:00
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Describe the shape taken by the indifference curve of perfect substitutes
(Solved)
Describe the shape taken by the indifference curve of perfect substitutes
Date posted:
August 15, 2019
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Answers (1)
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Highlight the economic assumptions about consumer preferences
(Solved)
Highlight the economic assumptions about consumer preferences
Date posted:
August 15, 2019
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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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How do monetary policies control inflation
(Solved)
How do monetary policies control inflation
Date posted:
August 15, 2019
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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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Answers (1)
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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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Answers (1)
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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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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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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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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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Describe the classical theory of money supply
(Solved)
Describe the classical theory of money supply
Date posted:
August 14, 2019
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Describe the precautionary motive for holding money according to Keynes
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Describe the precautionary motive for holding money according to Keynes
Date posted:
August 14, 2019
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What are the challenges faced by clearing and forwarding firms?
(Solved)
What are the challenges faced by clearing and forwarding firms?
Date posted:
July 29, 2019
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Answers (1)