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Explain the Human Development Index
Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use these and the time they have to enjoy them. It is a composite index based on real GDP per capita (PPP), life expectancy at birth and educational achievement that calculates socio-economic development.
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
discuss scarcity,choice and opportunity cost
Explainbainlimitpricetheory
Estimating and Predicting Cost * Estimates of future costs can be obtained from a cost function, which relates cost of production to level of output and other variables which t
on what grounds is consumer surplus criticised?
what is rational decision and why it requires one''s choices be consistent with one''s goals?
If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects
STATE AND EXPLAIN SLUTSKYS THEORM?
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?
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