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  • Card 6 / 13:
    According to , how long has the average expansion lasted since the end of World War II?

    The table lists the “Months of Expansion.” Averaging these figures for the post-WWII expansions gives an average expansion of 60.5 months, or more than five years.

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Questions & Answers

Howdoes income affects the demand of a commodity
Kessie Reply
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
income affects the demand of a commodity in two ways, that is positive and negative. increase in income results in positive effect, that is more units Will be demanded than before when the Price of the good remains constant. Negative effect, decrease in income results in less units Will be demanded.
Atanga
Negative
Atanga
Hi
Bayong
Monopoly is a market structure where there is one firm who dominates the industry.In US monopoly is defined when a firm controls 25% of the market
Emmanuel Reply
Monopoly is a market structure where there is one firm who dominates the industry.In US a monopoly is defined when a firm controls 25% of the market.
Emmanuel
That's right but,we have to define it in African context.👏👏👏
MUNTARI
great time to do the same way about anyone else in mind
KANNEH
In Ghana for instance,The electricity company (ECG) enjoys monopolistic powers
Emmanuel
whether in africa or US monopoly is defined the same, the major thing to consider is the major ingridient of the subject which says a market structure were there is one firm who dominates the market or induatry.
Napoleon
Yeah We Must just appreciate that in that market there is one firm dominating the market or industry .
Emmanuel
are you sure... as I know it has firm dominant in some sectors
Dawal
Monopoly is a market situation with only one seller. A natural monopoly exists when the monopolist's solo position is due either to the exclusive possession of some essential input, or to the existence of economies of scale so that no entrant can be profitable once an incumbent firm is established.
Nureni
You guys are great.
MUNTARI
Thanks
Massoud
what is monopoly
Belinda Reply
the forces of dd and ss
Kemg Reply
how did you get 2900
mba Reply
what's equillibrium price
Begmee Reply
it is a Price at which there is no tendency for both the quantity demanded and quantity supplied to change.
Atanga
what is joint demand
Alejandro Reply
joint demand?
Isma
is when two commodities relate together
Emmanuel
it refers to the demand for two commodities that are jountly consumed or used together
Atanga
It is when commodities are used together
Addo
who is a conspicuous consumer
Atanga
what are subnormal profits in ecos
Tawe Reply
what is an ancient tiger
emmanuel Reply
The Four Asian Tigers, Four Asian Dragons or Four Little Dragons, are the economies of Hong Kong, Singapore, South Korea and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates between the early 1960s and 1990s.
Napoleon
It is not correct.
Nelly
state ur own na mr correct
Napoleon
who told u?
Napoleon
u are correct
emmanuel
woow I never knew that
Birungi
ask
Foday
a
Foday
what is GDP
Lamin
gross domestic product
Tawe
I want to see unemployment essay
Mmonwa Reply
hello
Birungi
Inflation is defined as the rise in price of a commodity.
Nureni Reply
It is defined as the rise in price of a commodity.
Nureni
the persistent rise in the prices of goods and services. or commodities.
SULEIMAN
pls the third and fourth law of supply
Yarouh
what's GDP?
Allen
gross domestic product
Annor
GDP stands for Gross Domestic Product
Sande
yes
HlobisileM
what us maxima and minima
MiXUP Reply
Maxima s below equilibrium. Whilst minima s above. Equilibrium
Afran
Wht is demand
Afran
is the willingness and the ability of a consumer to purchase goods at a given price and at a particular point in time.
Assan
Ohhk different question? Ask
Afran
why is the demand curve downwards sloppy?
Assan
3 Reasons.. 1... diminishing marginal utility 2... substitution effect 3...income effect
Harshita
thanks
Assan
Because of the negative or inverse relationship between price and quantity demanded
Afran
what is the law of diminishing returns states?
Assan
ohk
Assan
The law states that all other things being equall as much of variable factor(labour) is employed on fixed factor(land) the marginal product rises..attain a maximum and begins to fall.
Afran
What is income elasticity of demand
Afran
what is monetary policy
Edward
Monetary policy is an attempt to influence the economy by opera ting in such monetary variables
Afran
thanks
Edward
Wlcm
Afran
Wht is disutility?
Afran
is disutility? is rightly writing?
Yhlas
is it i wanna say
Yhlas
Yes please Disutility
Afran
what is macro economics?
Oyas
the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
idk
in other words it is the study of the economic as a whole
idk
What is an Economic growth
Ayumo Reply
Economic growth is the process whereby the real per capita income of an economy increases over a long period of time.
Nureni
what is the generally accepted defination of economics and by who
IDY Reply
Economics is defined by Lionel Robbins as a social science which studies human behaviour as a relationship between ends and scarce means which have alternative uses
Tba
Lionel Robbins definition is the best and acceptable definition of Economics.
MUNTARI
Importance of economic
Achike Reply
Helps in decision making
MP
I need like 5 importance
Achike
hi
Physcal
Hey
Muhammad
hellow dear.
juwel
hello
Al-ameen
Hello
MP
it helps an individual in rational decision making process
Assan
Fine and u
Buzabaryaho
how does it make individual in rational dicision making decisions
Annor
if an individual is faced with unlimited wants.
Assan
it also helps an individual in arranging their wants in order of their importance.
Assan
ohk
Annor
ok
Al-ameen
Hello guys
Radah
My name is Radah
Radah
Please what is a scale of preference used for?
Radah
it's use for arranging wants in order of their importance.
Assan
in other words when an individual is faced with unlimited wants,scale of preference would help the individual to select the most important wants.
Assan
Thanks
Radah
welcome
Assan

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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