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International economic relations also vary, in large measure, on monetary issues. You are unlikely to accept the Turkish Lire in payment for your wages in this country, easily because you can't simply use that money to buy anything. You need U.S. dollars in payment for your services, because you can simply spend the dollar. Countries act the same way you do. There are currencies that virtually everybody accepts as payment, and those widely accepted currencies are known as hard currency.
bain''s model of limit pricing with diagram
How the inflation effect on the Import and Export of the country? When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp
CONSUMER CHOICE INVOLVING RISK: The traditional theory of consumer behaviour does not include an analysis of uncertain situation. Von Neumann and Morgenstern showed that under
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
can achiral molecules refract light?
a firm has fixed costs of $60 and variable costs as indicated at the bottom of this page. complete the table and check your calculations
Define Nash equilibrium
what are fundamentals of welfare economics?
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what is risk diversifications
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