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(a) Differentiate between a command economic system and a laissez-faire.
(b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-enterprise system.
(c) Describe the relationship between scarcity choice and opportunity cost.
(d) One major objective of various firms is to grow big in size. Explain why this is so.
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How can we test adulterants in vegetable oils?
Suppose we divide Canada into three regions; the west, the centre and the each
Distinguish among the terms of trade and the balance of trade for a country. Definition of terms of trade a) The amount of a given amount of export goods essential to buy
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Rework figure 1 assuming a closed economy
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