“The Opportunity Cost of a product is the return that can be had from the next best alternative use.” Explain this statement using Production Possibility Curve. Reviewed by enakta13 on November 25, 2013 Rating: 5

Explain how fiscal policy is used to achieve economic stability. Reviewed by enakta13 on February 11, 2013 Rating: 5

Discuss Marris Growth Maximization model Reviewed by enakta13 on February 11, 2013 Rating: 5

Distinguish between fixed cost and variable cost using an example. Reviewed by enakta13 on February 11, 2013 Rating: 5

Show how price is determined by the forces of demand and supply, by using forces of equilibrium. Reviewed by enakta13 on February 11, 2013 Rating: 5

When is the opinion survey method used and what is the effectiveness of the method. Reviewed by enakta13 on February 11, 2013 Rating: 5

Income elasticity of demand has various applications. Explain each application with the help of an example. Reviewed by enakta13 on February 11, 2013 Rating: 5