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veblen effect
Ask questiowhat are the importance of the branches of economics
What is the difference between 'concept' and 'assumption'? These two terms are very dissimilar. The term 'concept' refers to an idea or abstract principle. For instances, forc
how does pp curve solve the problem of how to produce, what yo produce, and when to produce?
Why some country saving less and consumption more?
Explain the difference between elastic and fixed supply
Why elasticity is important for economic analysis? Elasticity is a significant concept in understanding the incidence of indirect taxation, marginal concepts as they relate to
a. Using the data in the tables below, graph on the grid the demand and supply curves for milk, assuming that all factors other than the price of milk are held constant. Connect a
Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to
Why does a price index based on constant weights tend to overstate inflation in periods after the base year when the price of one good is rising quickly compared to other goods?
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