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Advantages of frequency distribution
As you know, the principal-agent problem stress the effect of asymmetric information between the principal and the agents on economic outcomes, the equilibrium in a principal-agent
Our economic systems are of this type and share for general properties. a) Dissipative systems transform energy and process information to maintain a state of organization that
U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private
what are the costs and consequences of providing the subsidies and welfare?
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