Trade barriers come in many forms. Quota is one. This is when a country sets a limit to the imported products. This is done for a number of reasons. One is because the government of the importing country wants to protect the local manufacturers.More »
It's a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our business effectively and efficiently
Since the microeconomics explains the conce...... More »
I think the reason was that by standardizing the monetary system, trade between the countries of the EU would become much less complicated, and therefore easier and hopefully would increase significantly, benefiting all involved. ...... More »
Service Tax is a form of indirect tax imposed on specified services called Taxable services. Presently it covers 58 services. The service provider but A collected shall pay a service tax from the service receiver. Excise is also a form of indirect...... More »
Project feasibility study is required to make a decision whether the project proposal is technically and economically feasible. After finalization of the project feasibility report by the experts (technical & economical), the decision for goin...... More »
Price mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. The price mechanism is one, which allows the prices of good and services to be decided by the interplay be...... More »
The socialist system is based on the notion of equality for everyone, everyone has a job and everyone has a place to live. Everyone has to forfeit his or her class rights in a socialist system. A socialist system has universal health care and dent...... More »
An experiment is described by an exponential random variable with mean ? and x1 and x2. A proposed test of the hypothesis ?=2 against the alternative ?=½ uses the critical region {(x1, x2): min(x1, x2) <¼} Show that this test has size of approx...... More »
