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differentiate between normative and positive statements in economics with the help of a statement
causes of abnormal supply curve
Functions of Money Money performs several important functions. It serves as a medium of exchange, a unit of account, a store of value and a standard of deferred payments. In a
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur
SUMMARY OF THEORY OF PRODUCTION
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
Contribution of bonds in n economy.
What should be the decent/appropriate growth rate in any country? Answer: A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
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