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How is economics works with interaction of individual choices? Principles behind the interaction of individual choices: 1. There are gains through trade. • Specialization
An investment promised a payoff of $195 two and a half years from today. At a discount rate of 75% per year what is the present value of this investment? A. 169.47 B. Not enoug
Why do some countries have a high real per capita income? High standard of living within the industrialized nations consider to be largely because of the high productivity of
assumptions of opportunity cost
What is the difference between the short-run framework and the long-run framework? Discuss how each relates to supply and demand.
Ok... So if the price level is rising, this means that inflation is rising as well, so the value of the dollar in the US would decrease meaning that purchasing power decreases as
when domestic currency becomes more valuable in terms of foreign currency, the domestic currency is said to have
Relate central banks with commercial banks In many countries, the central bank imposes reserve requirements. This means that commercial banks are obliged to hold a certain perc
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
Which economic system is the best solution to handling a crisis of epic proportion?
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