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Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
What is the difference between Price inflation and Wage Inflation? Price inflation is the rate of enhance in the prices of goods and services whereas the wage inflation is ra
How does the production possibilietes curve relate to present day economics?
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector D. government sector Explain
what is the definition of economic system?
This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
why is choice inevitable in the understanding of economics science?
Smoking cigarettes is a leading cause of many diseases
Wealth Tax: A tax in that owners of specific forms of wealth (likereal estate, financial wealth, or inheritances) should pay a specified proportion of that wealth to government, us
limitation of kaldor hicks in compensation test and welfare criteria
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