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compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.
difference between the cardinal analysis theory and ordinal theory
explain the various marginal uses and limitations of break even poin?
The Demand Curve - The demand curve exhibits how much of a good consumers are ready to buy as the price per unit changes keeping non-price factors constant. - This price-qua
Dynamic Changes in Costs: The Learning Curve
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
what is externalities and market inefficiency
1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the intr
what is the basis of marginal utility
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