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Explain the Gains from Trade of market.
Producer Surplus, Consumer Surplus, Gains through Trade and Efficiency of Markets:
Consumers and producers both are better off since there is a market into this good, that is there are gains by trade.
The maximum probable total surplus that is highest possible gain to society is attained at market equilibrium.
Into the market equilibrium there is no method to make some people better off without making others worse off markets are effective.
State the Monetary base and the supply of money - central bank It is not possible for the central bank to print and distribute money - that would increase their debt without i
EXPLAIN THE MR AND MC APPROACH FOR EQUILIBRIUM DETERMINATION OF FIRM IN SHORT RUN.
Are there any current subsidy or welfare issues that are being discussed or addressed in parliament or in municipalities
Examine two (2) tenets of the mercantilist school. Determine whether you agree or disagree with these principles. Provide at least two (2) reasons to support your answer
Tariffs and Non-tariff Barriers A significant aspect of the trade reforms of the 1990s was the reduction in the then prevailing very high import duties (over 300 percent in so
Liberalisation and Changing Sources of FDI: European countries had been major sources of FDI inflows to India until 1990. However, their relative importance declined in the
How are the qualitative aspects of development measured? Development includes the evolution of more safe, stable, participatory and only societies. This involves capacity deve
Which of these variables are discrete and which are continuous random variables? a) The number of new accounts established by a salesperson in a year. b) The time between customer
What is the significance of the observations made by OECD in this case study regarding “The OECD economies are more strongly dependent on the production, distribution and use of kn
In a large open economy, if the economy has a fiscal expansion, what would happen in the solow model?
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