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Problem 1:
i) Is Protectionism always beneficial? Discuss.
ii) To what extent can a country actually rely on the principle of Comparative advantage before engaging in international trade?
Problem 2:
i) To what extent is economic growth beneficial to an economy?
ii) Explain using diagrams why a 10 % increase in investment leads to a higher percentage increase in National Income?
uses of time series in indian economy
the diagram used to illustrate of abnormal and normal profits
Is the natural rate of unemployment includes frictional, structural & seasonal unemployment? The natural rate of unemployment contains frictional, structural & seasonal unempl
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
If the inverse demand curve is p=120-Q and the marginal cost is constant at 10, how does charging the monopoly a specific tax of r=10 per unit affect the monopoly optimum and the w
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and
Question 1 Identify the basic postulates of economics Question 2 Discuss the role of price mechanism Question 3 Explain the shape and application of Engel curve
What is the difference between GDP and GNP? Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea
Strong Domestic Economy: We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is
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