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the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
Problems relating to national income estimation: Changing prices of goods and services . Prices of goods and services do change from one period to another. This makes compari
explain marris model of the managerial enterprise
Illustrates the key terms of excise tax? Terms of excise tax: a. Tax incidence • Who bears the load of the tax? b. Excess burden or Deadweight loss • Taxes inflict
to what extent are interest rates determined by the economic theory
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Explain why subsidies to domestic firms act as a trade barrier. A trade barrier is broadly explained as any market intervention whereby the ratio of price of exports to price o
an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?
explain two theories of economic rent
is economics a positive science
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