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Differentiate between nominal and real exchange rate. Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
Inflation is defined as
Should the manufacture, supply and use of tobacco be criminalised? Provide arguments for and/or against (relates to defining crime; concepts of deviance etc) Examine t
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
How have falling commodity prices affected many developing countries? Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice an
explain slutsky theorm with graphical representation
contrast the longrun equilibrium positions of monopolistic competition firm and oligopoly
what happen when a new resources has been discovered for computer
explain normal profits and abnormal profits
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