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Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
in the keynesian model, the price is assumed to be what?
national income and what is used to measure it
Determine the oldest ideas in economics One of the oldest ideas in economics is that increases in technology certainly run into natural resource scarcity and so lead to increas
How does the indifference curve and budget line for a neutral good look like?
Prove the theory of second best with the help of a diagram
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
Summary of Demand and Supply Considerations of Education A study of supply and demand considerations in education helps in understanding four major issues and concerns of an e
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
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