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Course 17206
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Suppose the Namibia discovers a way to produce Green Hydrogen. The effect of this discovery would be to force Namibia to produce at a point inside its PPF.
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If both the demand and supply increase, the equilibrium quantity increases and the equilibrium price increases might rise or fall or not change.
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The income earned by the people who sell the services of the factor of production ________ is called ________.
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“South Africa is the largest trading partner of the Namibia” is a normative statement.
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A reduction in the amount of unemployment
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Using a production possibilities frontier, economic growth is illustrated by a
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Which of the following is NOT one of the factors that influences the supply of a product?
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"After Israel-USA and Iran war the Organization of the Petroleum Exporting Countries (OPEC) should supply more oil so that the world's economies can grow more rapidly." This is an example of a positive statement.
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Suppose that the government of New York state promises to decrease taxes to a firm if it decides to stay in New York instead of moving to another state. This policy on the part of the state constitutes ________, to make the ________ of the firm remaining in New York.
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If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a ________ in the market and the price will ________.
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