Economics Answers

Andy is the sole owner of his firm. In June , he moves 30000 from his business checking account to his personal checking account. If Andy wants his financial records to be in accordance with GAAP , should he record the transaction or not?why?

Titli has been going through a real rough patch in her life. She has been constantly bullied at her job, her family is also not keeping well, she has recently lost an expensive gold bracelet gifted by her mom. Financial consultancy that she has recently involved to manage her finances, Bhanwra Consultancy Pvt. Ltd., has advised her to invest in the stock market, which has been performing well, from past some time now. Titli is, however, skeptical about it and decided to instead park her funds with McDuck Bank in their fixed deposit scheme. Do you think Titli was acting rationally here? Why or why not? What can be the plausible reason(s) that can explain Titli’s choice?

 Explain and demonstrate using appropriate examples how elasticity when it is zero is applied at the level of the government with respect to the setting of prices for various types of goods and services.

the very poorest low income developing countries typically have relatively