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What is Modern Economics? Modern Economics: Modern economics mostly developed within last sixty years, methodically studies individuals’ economic behavior as well as econo
Reasons for International Trade?
A surplus on the current account of balance of payments can be financed by? 1. Inflow capital on capital account 2. A surplus on the government budget deficit 3. lending abroad on
Question: Explain the contribution of capital accumulation in the progress of an economy? Capital makes the technological progress of the economy possible. Different technol
How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?
What is snob effect
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
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
what is the use of models in economics?
scope of microeconomics
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