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What is use of analytical tools in the modern economics?
Modern economics also gives different powerful analytical tools which are usually specified by geometrical or mathematical models. Benefits of such tools can assist us to analyze complicated economic behavior and phenomena by a simple diagram or mathematical structure into a model. Illustration are comprise:
a. The demand-supply curve model,
b. Samuelson’s overlapping generation model,
c. The principal-agent model, and
d. The game theoretical model.
Discretionary Fiscal Policy: Some government taxing and spending programs can be adjusted by government in response to changing economic circumstances. These discretionary measures
why is the concept of elasticity crucial to the study of economics?
Q. Describe pay-as-you-go pension plan? Pay-As-You-Go Pension: A pay-as-you-go pension plan sponsor basically just pays for pension benefits to retired plan members out of its
Use of Resources - INTERNATIONAL MONETARY FUND: IMF provides temporary assistance to member-countries to tide over balance of payments deficits. When the country requires fore
define real and nominal wages
Diseconomies of Scale A rises in a firm's cost of producing an additional unit as all another factors of production rising. Diseconomies of scale can be caused by poor and ine
Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases
How to solve economics assignment help?
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
a) Provide a detailed valuation of an equity investment decision in the current economic climate. Your briefing should include: i) A review of the 'top-down' analysis that led
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