Correct answer
B. a superior good
Explanation
The correct answer is a superior good.
Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors?
Lack of absorptive capacity in developing countries results from?
The price decrease from Rs 2,000 to Rs 1,800 Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct?
Deviance is defined as________?
________ have contractual authority to sell a manufacturer’s entire output?
Capitalisms roots can be found in________?