Explain the effect of trade barrier in an industry that exhibits the economies of scale. Give an example of a factor that affects supply and describe its effect on supply. Crowding out refers to the situation in which ___. Define the "multiplier effect," including its limitations. Explain...
These models are based on the large-scale databases (Economic Analysis database of national I–O accounts and Regional Input–Output Multiplier System accounts), and measure the interdependencies among infrastructure sectors by economic relationships. Hence, the IIM based models are useful for ...
Economic capitalrepresents an agent’s control of material resources,cultural capitalconsists of acquired resources in the form of knowledge skills, dispositions, and possession of culturally significant objects,political capitalis that which enables an agent to take advantage of public services or goods ...