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what is national income
Could you please tell me an example and describe example of macroeconomics?
Explain the difference between productive and allocative ( economic ) efficiency. Explanation of productive efficiency, e.g. output at AC minimum Define to the effect th
comparison between neoclassical factor endowment theory of international trade and classical labor cost theory of comparative advantage
Illustrate the aspect depends onto producers and consumers surplus. a. How much advantage do producers and consumers receive by the existence of a market? b. How is the welf
What causes economic growth? Causes of economic growth: Into the Solow model, economic growth is based onto the quantity and quality of technology and resources. Growth
discuss the different of cost?draw the cost curves
Figure below demonstrates a more developed version of the circular flow. In this figure we see how goods flow through various sectors of the economy. Figure Money in the c
what are the limitation of economies scales
casual factors of traditional business cycle and its effects on the sectors of the economy
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