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Describe the relation of money with wealth and income
It is very possible to have a high income but no money and no wealth, or to be very wealthy and have a lot of money but no income. This is another distinction to be careful with. Do not say that "Sam makes a lot of money" if you mean that Sam has a high income. Money has a very precise definition in economics!
Q. Determine the Exchange rate? Exchange rate is determined by the ratio of domestic price level to the foreign price level. If, for instance domestic prices increase by 10% wh
what reasons limit the bargaining power of trade union in developing countries
Suppose three identical firms are engaged in Cournot competition in quantities. They all have marginal costs equal to 40. Market demand is given by: P(X) = 200 - X = 200 - (x
list and discuss the major markets and four agents in the circular flow economic?
What is the difference between merchantilism and absolute theory?
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why is credit multiplier lower than money multiplier
Which is not true of the difference between sampling error and standard error? a. Standard error is a difference from the population. b. Sampling error can't usually be calcula
what are the types of exchange rate
List the 3 factors that determine the price elasticity of demand? State the factor that determines the price elasticity of supply?
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