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Health and Life Expectancy:
In addition to struggling on low income, many people in the developing nations fight a constant battle against malnutrition, disease and ill health. The average life expectancy in developing nations in 2003 was 57 years as compared to 74 years in developed nations. Infant mortality rate is approximately 73 (66 for Ghana). This compares poorly with 12 in developed nations. Medical care is an extremely scarce social service in many parts of the developing world.
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
how distribution is arranged to provide customer service
What are the factors that determine the volume of production?
Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup. Question: Sppose the co
Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c
Could I have examples of syndicated and organized oligopolies with companies as examples
how does the concept of possibility production curve aplicable in real life?
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Problem: (a) Distinguish between fiscal and monetary policy, giving examples where appropriate. (b) Explain how fiscal and monetary policies might be used by a government
Production having Two Outputs -Economies of Scope * Economies of scope exist when joint output of a single firm is greater than the output which could be achieved by two diffe
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