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The End of the Malthusian Age
We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies and better organizations haven't been neutralized by natural resource scarcity. (However a Malthusian age can return: project 20th century population growth rates forward and calculate that in year-2200 population of the earth would be 93 billion; it needs skill and ingenuity to argue today that resource scarcity will not be a dominant feature of such a world).
why is choice inevitable in the understanding of economics science?
Is there a trade-off between inflation and unemployment? The Keynesian side posits that policies can indeed be used to stimulate demand - demand-side policies - and those mar
#question. what is the underlying reason for the law of increasing opportunity cost?
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describe who gets hurt in a recession, and how.
Define the generality of economic theory in the modern economics. Generality of Economic Theory An economic theory is based onto assumptions imposed onto economic environmen
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Why do some people believe that a mixed economic system solves basic economic problems? Ans) It is due to the private sector and public sector both have a say in answering the
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
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