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Q. Suppose the relative price of good 1 falls relative to the price of. What happens to the wage rate? Answer: The labour component of the price of 1 is bigger than that of p
Discuss the effects of ongoing inflation based on the PPP theory. Answer: Other things equivalent money supply growth at a constant rate eventually results in ongoing price le
is general equilibrum in trade
how is it the economy during the two wars and till 20 th
Application of defferential calculus in economics
Q. How did the European single currency evolve? Answer: The answer is related to the crumple of Bretton Woods and the European Currency reform of 1969-1978. The Werner
WHY IS INTERNATIONAL TRADE IMPORTANT FOR SOUTH AFRICA
Development through stabilisation and reform can be understood as follows The reasoning here was that the trade and resource transfer could not, by themselves, lift L
how to start a project work on this topic
explain various gains from international trade
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