Both the principles of rivalry and mutual excludability apply for club goods
a. True
b. False
Indicate whether the statement is true or false
False
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What will be an ideal response?
If a tax system is progressive, then
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A. Everything else remaining unchanged, what is likely to happen to the credit demand curve of an economy if:
i. businesses in the economy see scope for growth and are planning to expand production in the future? ii. households are pessimistic about future incomes? iii. the government is planning to borrow money from financial institutions for investment in infrastructures? b. Everything else remaining unchanged, what is likely to happen to the credit supply curve of an economy if firms tend to hold on to retained earnings instead of paying dividends?
Why would economies of scale be a barrier to entry?
What will be an ideal response?