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characteristics of microeconomics
Posted Date: 6/3/2013 5:20:06 AM | Location : South Africa
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Division of labor, Division of Labor The occupation or breaking down o...
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
Can you explain about counterfactual, Q. Can you explain about Counterfactu...
Q. Can you explain about Counterfactual? The ‘base case' or counterfactual is a statement of what could have happened without policy intervention, or if the policy intervention
Ricardian model - production possibilities frontier, Suppose there are two ...
Suppose there are two countries (home and foreign) and that two goods can be produced within those countries: machinery (M) and bread (B). Marginal product of labor (MPL) is given
Help with definations, what is the buying power of one''s income?
what is the buying power of one''s income?
Purchasing power parity, Purchasing power parity: When PPP holds, the ...
Purchasing power parity: When PPP holds, the domestic currency has the same purchasing power at home and in any other country. PPP also implies that a foreign currency will de
Explain abput capitalist class, Q. Explain abput Capitalist Class? Capi...
Q. Explain abput Capitalist Class? Capitalist Class:Group of individuals (which represents just a couple of percent of population in advanced capitalist countries) which contro
Elasticities of supply and demand, ELASTICITIES OF SUPPLY AND DEMAND ...
ELASTICITIES OF SUPPLY AND DEMAND Usually, elasticity is a measure of the sensitivity of one variable to the other. It told us the percentage change in one variable in re
Supply and demand, During the 1990s, technological advance reduced the cost...
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
Principles of economics, The basic concepts of price theory
The basic concepts of price theory
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