This is a way of assigning a number to every possible consumption bundle such that the more preferred gets assigned a higher number than the less preferred bundle. It is a way of labeling indifference curves
Dana05 answered the question on August 15, 2019 at 14:04
-
Give the two approaches to the study of utility
(Solved)
Give the two approaches to the study of utility
Date posted:
August 15, 2019
.
Answers (1)
-
Describe the shape taken by the indifference curve of imperfect substitutes
(Solved)
Describe the shape taken by the indifference curve of imperfect substitutes
Date posted:
August 15, 2019
.
Answers (1)
-
Describe the shape taken by the indifference curve of neutral goods
(Solved)
Describe the shape taken by the indifference curve of neutral goods
Date posted:
August 15, 2019
.
Answers (1)
-
Describe the shape taken by the indifference curve of bad goods
(Solved)
Describe the shape taken by the indifference curve of bad goods
Date posted:
August 15, 2019
.
Answers (1)
-
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)