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explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
Good X is produced in a competitive market using input A. Explain what would happen to the supply of good X in each of the following situations. The price of input A decreases.
discuss four weaknesses of using national income statistics in comparing living standards between two countries
DEMOGRAPHIC FEATURES IN DEVELOPMENT: We have learned in the previous unit that human resources play a significant role in generating aggregate flow of goods and services. The
take one set ( lk& output) to prove
The World Trade Organization is a successor organization to the A.United Nations. B.World Bank. C.International Court of Justice. D. GATT.
Consider an economy that having only of those who bake bread and those who make its ingredients. Assume that this economy's production is as follows: 1 million loaves of bread
A young chef is considering opening his own sushi bar. to do so, he would have to quite his current job, which pays him $20,000 a year , and take over a store building that he owns
Why is private property, and theand the protection of property rights , so critical to the success of the market system ? How do property rights encourage cooperation?
concept of multiplier - static and dynamic
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