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What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?
What is the difference between real and nominal Gross Domestic Product? National Income consists of a price and a quantity element. When the price level doubled along with simi
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Ask What is the meaning of evaluating projects incrementallyquestion #Minimum 100 words accepted#
what factors affect the volume of production in an economy
Explain the mixed economy system. Mixed economy: Several resources are owned through the public sector (government) and several resources are owned through the private sector o
suppose that you have 150 observations on production and investment and you have estimated the following ADL(3,2)model;
What are the factors of the economic sectors? The factors of the economic sectors: • Primary sector including natural resources as like agriculture, fishing, quarrying minin
What are the predictions of dependency theory? The predictions of dependency theory: • DCs exploit LDCs (Less Developed Countries) by extracting their surplus value. Surplu
In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this money in a savings a savings account because her mai
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