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Sources of Economic growth:
Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of a nation’s labour force through education and training in advance technology. It has also been proved that literacy not only improves productivity but also makes an individual more adaptable to new challenges.
Natural resources: Availability of natural resources (land and mineral) to a nation is also a vital source of growth. It is not only the availability of these resources but the extent to which they are exploited. It should be noted that for the exploitation of these resources care should be taken not to sacrifice the environment. This means that growth through exploitation of these resources should be sustainable and maintain environmental quality.
The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?
What is Economics Trade Analysis?
How do we evaluate the value of money? Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and de
the short run can be defined as any period of time
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. 2) A) Why would y
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INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves. Effect of Price
I''m having trouble with this problem.....I must have missed the class that it was discussed in. I''m more confused with the interpreting the equations with all the Labor demand/La
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