A bad good is a commodity that the consumer doesn’t like. The consumer has to be compensated with the good they like for having to put up with the bad good. Thus the consumer will have indifference curves that slope up and to the right
Dana05 answered the question on August 15, 2019 at 14:00
-
Describe the shape taken by the indifference curve of perfect complements
(Solved)
Describe the shape taken by the indifference curve of perfect complements
Date posted:
August 15, 2019
.
Answers (1)
-
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
.
Answers (1)
-
Highlight the economic assumptions about consumer preferences
(Solved)
Highlight the economic assumptions about consumer preferences
Date posted:
August 15, 2019
.
Answers (1)
-
How do price and income policies control inflation
(Solved)
How do price and income policies control inflation
Date posted:
August 15, 2019
.
Answers (1)
-
How do monetary policies control inflation
(Solved)
How do monetary policies control inflation
Date posted:
August 15, 2019
.
Answers (1)
-
How do fiscal policies control inflation
(Solved)
How do fiscal policies control inflation
Date posted:
August 15, 2019
.
Answers (1)
-
What are consumer preferences?
(Solved)
What are consumer preferences?
Date posted:
August 15, 2019
.
Answers (1)
-
State the various policies used as remedies of inflation
(Solved)
State the various policies used as remedies of inflation
Date posted:
August 15, 2019
.
Answers (1)
-
Highlight the external effects of inflation
(Solved)
Highlight the external effects of inflation
Date posted:
August 15, 2019
.
Answers (1)
-
Identify the internal effects of inflation
(Solved)
Identify the internal effects of inflation
Date posted:
August 15, 2019
.
Answers (1)
-
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
.
Answers (1)
-
Describe the J curve phenomenon
(Solved)
Describe the J curve phenomenon
Date posted:
August 14, 2019
.
Answers (1)
-
Differentiate between the flexible and fixed exchange rate regimes
(Solved)
Differentiate between the flexible and fixed exchange rate regimes
Date posted:
August 14, 2019
.
Answers (1)
-
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
.
Answers (1)
-
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
.
Answers (1)
-
Why is the balance of payments curve positively sloped
(Solved)
Why is the balance of payments curve positively sloped
Date posted:
August 14, 2019
.
Answers (1)
-
What is the balance of payments made up of?
(Solved)
What is the balance of payments made up of?
Date posted:
August 14, 2019
.
Answers (1)
-
Give the definition of balance of payments
(Solved)
Give the definition of balance of payments
Date posted:
August 14, 2019
.
Answers (1)
-
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
.
Answers (1)
-
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
.
Answers (1)