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Business sell to households in the resource markets, but households sell to businesses in the product market
diagram of extension and contraction in demand?
Define the generality of economic theory in the modern economics. Generality of Economic Theory An economic theory is based onto assumptions imposed onto economic environmen
What are the properties of compensared demand function
If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects
use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag
Unemployment: Individuals who want to be employed, and are actively seeking work, but can't find a job, are considered ‘officially' unemployed. Individuals who aren't working, but
discuss the trend and composition of national income and per capital income
Graph the following example and answer the questions: The United States and Japan only produce two goods. They have the same fixed resources and they are equally efficient, and bo
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