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    excise tax

    a tax on a specific good—on gasoline, tobacco, and alcohol

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Questions & Answers

I want Keynes clear example of critics on Long run , please!!
AA Reply
what study of macro economic..?
Yogini Reply
macroeconomics can be defined as a branch of economics that studies the structure and principles governing an economy(national,regional or global) rather than individual markets
kunle
yah..
boniphace
What is say's law of marketing?
INGRID Reply
goods once sold can't be returned
Marvin
but thats not true at all goods are returned all the time
Gregory
yah ur right, as a buyer, But in the marketing world, once a good is sold, its sold.
Marvin
thanks @marvin
INGRID
what study of macro economic ..?
Yogini
what does this saying in economics means "there is no such thing as a free lunch pls
Saibu Reply
autonomous consumption
Alhassan
consumption that is not related to level of income u hve.. eg consumption of basic necessities.
Ar
autonomous consumption is the consumption when income is zero or expenditure is not vary from income
ABIYOT
what is investment function?
Zahid
what is the relationship between demand and supply?
INGRID
According to ijmb marking guide, Differentiate between capital expenditure and revenue expenditure.
elemi Reply
Sir please provide me notes on :-unemployment-the trade-off between inflation and unemployment
Swikrit Reply
what is income
NAHUM Reply
reward for rendering a sercive the real income is after a taxt y-t = (y)
Alhassan
what are the components of trade?
Michelle Reply
whats is gdp
odell Reply
what is gdp per capita
odell
GDP of state divided by its population: GDP per capita. it is one of the most relevant indicator of prosperity among its citizens.
Dinesh
thanks
odell
which one is more advantageous or accurate to the other between GDP and GNP?
Katheery
Both, GDP measures only the incomes generated within the country, irrespective of ownership. whereas,GNP measures the total income earned by nationals.
Bon
but which one is a better measure
Katheery
what are supernormal profits
Caroline Reply
what are zero economic profits
Caroline
under what circumstances may a firm continue operating even when it is making losses
Caroline
why should government influence location of a firm
Caroline
using an illustration,distinguish between breakeven and shutdown point of a firm
Caroline
supernormal profits are profits beyond the normal profits a firm expects to have after the sale of all goods n services it produced
Katheery
what are the differences between choice and scarcity
Primus Reply
what is the difference between choice and scarcity
Primus
choice means we have many options scarcity means limitation within the same option we chose among choices.
Bijaya
what the d/f production efficeincy and out put efficeincy
ABIYOT
what is money?
Primus Reply
money is the material which used to exchange to buy or sell
ABIYOT
What is the law of large numbers
Nana Reply
Can anybody provide Solow Growth Model?
Sakar Reply
compare and contrast the classical view and the Keynesian view of economic growth
idoko Reply
long and short term run
AA

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Source:  OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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