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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 imports and earns less in exports. In other words, imports enhance and exports decrease.
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
1. Suppose we observe that the price of soyabeans goes up while the quantity of soyabeans sold goes up as well. Use the supply and demand curves to illustrate two possible explanat
the meaning of supply
What would be a factor that would make the prospects hopeful for overcoming the demand for resources in the future
Borrowings: The widening fiscal gap led to a steep rise in the outstanding liabilities of the Central Government. The outstanding domestic debt of the Central Government as a
First Degree Price Discrimination - The monopolist sells different units of the commodity at different prices which differ from person to person. Second Degree Price Discriminat
Problem 1: The last half-century has witnessed major changes in the role that governments of developing countries have played, especially in terms of public spending. (a) Ex
explaination of quasi rent theory
Monopoly: Monopoly is a market structure in which there is a single firm producing a commodity or providing a service that has no close substitutes. As the sole supplier to it
what is ratios GNP? what is use of models in macroeconomics?
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