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Earlier than the Civil War, the South graded with the North and with England. It sold cotton and bought manufactured goods and food. Throughout the war, one of Lincoln's first actions was to blockade the ports, which not permitted this trade. The South had to enhance its production of munitions and food.
1. In what did the South have a comparative benefit?
2. Did the Civil War change any opportunity costs in the South? Did the opportunity cost of everything increase? Or did items cost less?
For a very large part of 20 th century, we may recall, there existed capitalist market-oriented economies and socialist planning-oriented economies. 21stcentury is however witness
Write a short note on product mix efficiency?
which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium
Question 1: " Public policy gives one a better understanding of what governments do, why they do what they do and what difference public policy makes to the lives and circumst
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strugling with research variables and problem
essay?
Question 1: i) Describe the concept of circular flow of income. ii) Comment on the view that ‘GDP is the best measure to evaluate economic growth and standard of living'. iii)
How does it work? how is its basic structure?
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