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Micro economics is the study of individual unit of an economy
How can we calculate the Inflation rate Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level
How the inflation effect on the Import and Export of the country? When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp
how to map the curves
Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
what are the criticisms of modern theory of rent?
Over the course of modern American economic history there have been market failures, various social problems, and other complexities that have resulted in certain resource markets
The demand schedule for computer chips is given in the table. Price (dollars per chip) Quantity demanded(millions of chips per year) 200
what is the functions of commercial bank ..
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